Aditya Birla Nuvo, Ahluwalia Contracts (India), Asian Hotels (North), Bank of Baroda, Cadila Healthcare, Escorts, Exide Industries, The Federal Bank, Gujarat Ambuja Exports, ICICI Bank, Larsen & Toubro Infotech, National Fertilizers, Oberoi Realty, Oriental Bank of Commerce and Rural Electrification Corporation were among 95 stocks that hit their 52-week high on NSE on Friday as stock markets ended in negative following a lower opening in European markets and fall in crude prices. The 30-share Sensex settled at 29,858.80, down 267.41 points, while NSE Nifty ended down 74.60 points per cent at 9,285.30. On a weekly basis, both the indices — the Sensex and the Nifty — fell by 59.60 points, or 0.19 per cent, and 18.75 points, or 0.20 per cent, during the first week of May.
On Friday’s market movement, Sameet Chavan (Chief Analyst- Technical & Derivatives, Angel Broking) said, “It was certainly not the kind of session one would have expected for, especially after yesterday’s close above the 9350 mark. The Nifty registered yet another record high at the opening; but, it was merely a formality as we witnessed a good broad-based selling pressure throughout the remaining part of the day. Eventually, the Nifty ended the session with a cut of 0.83% over its previous close.”
Other stocks that hit their 52-week high on NSE were Motilal Oswal Financial Services, Shakti Pumps (India), State Bank of India, Savita Oil Technologies, The South Indian Bank, The Western India Plywoods, Transwarranty Finance, Supreme Industries, Gujarat Fluorochemicals, Alicon Castalloy, Arvind SmartSpaces, Central Bank of India and Hexaware Technologies.
However, Anjani Portland Cement, ATN International, Energy Development Company, Lupin, JMT Auto, Lycos Internet, Moser-Baer (I), Religare Enterprise, SRS, Tata Motors and TTK Healthcare were among stocks that hit their 52-week low on NSE on Friday.