NEW DELHI: Over 140 stocks including Allahabad Bank, Andhra Bank, Bajaj Hindusthan Sugar, Balrampur Chini Mills, Bank of Baroda and Bank of India hit fresh 52-week lows on NSE during Wednesday's trade.
Bosch, BSE, Canara Bank, Central Bank of India, Dena Bank, Dhampur Sugar Mills, Dhanlaxmi Bank, Gitanjali Gems, HCC, HDIL, IDFC Bank, Indian Overseas Bank, Karnataka Bank, Lupin, Bank of Maharashtra, Punjab & Sind Bank, Tata Motors, Union Bank of India and United Bank of India also joined the bandwagon of stocks that hit fresh 52-week lows on NSE.
Benchmark indices were in the negative territory, tracking global cues. Participants was concerned after ICICI Bank and Axis Bank were summoned to the Serious Fraud Investigation Office (SFIO) in Mumbai on Tuesday as the arm of the central government began its enquiry into the Rs 12,700-crore Nirav Modi case.
The NSE Nifty index was trading 34 points down at 10,216, while the BSE Sensex was down 71 points at 33,247 around 10:40 am (IST).
Among the 50 stocks in the Nifty50 index, 17 were trading in the green, while 33 were in red.
Tata Motors, HCL Technologies, ITC, Maruti Suzuki India and Dr. Reddy's Laboratories were among the top gainers in the Nifty pack of stocks, while State Bank of India, Indiabulls Housing Finance, Adani Ports & Special Economic Zone, Hindalco Industries and ICICI Bank were among the top losers in the Nifty index.