Markets remained rangebound on Thursday as investors remained cautious amid disappointing growth numbers and core sector data.
Adani Transmission, Antarctica, Asahi India Glass, Balaji Telefilms, Birla Corporation, Century Plyboards (India), Colgate Palmolive (India), DCB Bank, Dollar Industries, Finolex Industries, Future Lifestyle Fashions, Hero MotoCorp, Hindustan Unilever, Jamna Auto, KEC International, Kalyani Investment Company, Kaveri Seed Company, The Karnataka Bank, Lakshmi Machine Works, Larsen & Toubro Infotech, Mahindra Holidays & Resorts India and The South Indian Bank were among 58 stocks that hit 52-week high on NSE on Thursday as stock markets ended flat. Sensex slipped 8.21 points to end at 31,137.59, while NSE Nifty ended 5.15 points down to 9,616.10 in a choppy trade. Markets remained rangebound on Thursday as investors remained cautious amid disappointing growth numbers and core sector data.
The government’s Central Statistical Office data showed India’s economic growth slowing to 7.1 per cent in 2016-17, while the Gross Domestic Product (GDP) in the January-March quarter stood at 6.1 per cent. The growth of eight core sectors declined to 2.5 per cent in April, mainly due to lower coal, crude oil and cement productions.
Aegis Logistics, Astral Poly Technik, Bharat Forge, Bodal Chemicals, Century Plyboards (India), Colgate Palmolive (India), Finolex Industries, Future Lifestyle Fashions, Global Vectra Helicorp, Godrej Industries, Indiabulls Ventures, LIC Housing Finance, Quess Corp, Nath Bio-Genes (India), Renaissance Jewellery, Time Technoplast, Vakrangee, Visaka Industries and Voltas were some of the other stocks that touched 52-week high on NSE on Thursday.
However, ABG Shipyard, Allied Digital Services, Blue Blends (I), Chromatic India, DFM Foods, DS Kulkarni Developers, Global Offshore Services, Gujarat NRE Coke, Intense Technologies, Khaitan Electricals, Kesar Terminals & Infrastructure, Mandhana Industries, Noida Toll Bridge Company, Orbit Corporation, Shilpi Cable Technologies, Spacenet Enterprises India, Shekhawati Poly-Yarn, The United Nilgiri Tea Estates Company, Urja Global, Value Industries and Videocon Industries were among 46 stocks that hit 52-week-low on Thursday.