NEW DELHI, India – During the trading session on Wednesday, around 31 shares on the NSE tracked significant losses, going down to touch their 52-week lows.
Among the NSE shares that went down to their 52-week goals include the SpiceJet as it records around 1.91% decline, around 11:39 AM IST. Other major decliners on the market right now are the Technocraft Industries, Allahabad Bank, and Karda Constructions.
Among other stocks on the NSE that touched their 52-week lows are Neuland Laboratories, Mangalore Refinery, Navneet Education, Shrenik, and Kesar Terminals.
However, the domestic benchmark NSE Nifty index was trading positively during the day’s session, going up by around 17.75 points. The BSE Sensex index has also tracked gains of around 77.02 points to settle around 41,429.19 points.
In market stocks trading under the Nifty 50 index, among the top gainers for the day are JSW Steel, M&M, Wipro, Tata Motors, and Tata Steel on the NSE. However, the top losers for the day under the index include shares of Unilever, SBI, Zee Entertainment, and YES Bank.
From the previous session, on Tuesday’s trading, around 32 stocks listed under the NSE hit their 52-week lows, following a record of 39 stocks hitting 52-week lows on the NSE on the first trading day of the week.
On the equity front, both the benchmark indexes in the Indian stock market, the Sensex and Nifty, continued its optimistic trading sentiments during the trading session today on account if purchasing in the frontline blue-chip counters.
Early in the trade, ETMarkets have published a list of trading options from different market experts, a sort of recommendation for the afternoon trade session.
Kunal Bothra, an independent market expert, recommended the Bharat Forge shares as a “sell” as it targets a Rs 478 price, with a stop loss at Rs 498. Bothra also put a “sell” call for shares of the Bank of India as its target price increases towards Rs 68, with a stop loss at Rs 72.50. Another share with a “sell” call from the expert is of Grasim, ICICI Bank, and Tata Motors.
On the other hand, a market expert from Chart Advice, CK Narayan, put a “buy” call on the shares of Jindal Steel as its target price reaches Rs 155 with a stop loss at Rs 139.
Lastly, Manas Jaiswal, a market expert at manasjaiswal.com put the “buy” call for the afternoon trade on shares of Just Dial as its target price goes towards Rs 610 with a stop loss at Rs 580.