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Stock market update: 4 stocks hit 52-week lows on NSE
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Last Updated: Dec 23, 2020, 11:26 AM IST
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Domestic benchmark index NSE Nifty was trading 65.25 points up at 13531.55, while the BSE Sensex was trading 232.66 points up at 46239.35.
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In the Nifty 50 index, Divi s Labs, Eicher Motors, HDFC, HDFC Life and ONGC were among the top losers.
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NEW DELHI: Around 4 stocks fell to touch their 52-week lows on NSE in Wednesday s session. Among the stocks that touched their 52-week lows on NSE were: Majesco; Ravinder Heights; Supreme Engineering; Jump Networks Domestic benchmark index NSE Nifty was trading 65.25 points up at 13531.55, while the BSE Sensex was trading 232.66 points up at 46239.35.
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NEW DELHI: Continuing its recovery path, the Nifty gained 1 per cent on Wednesday forming a bullish candle on the daily chart.
Rohit Singre, Senior Technical Analyst at LKP Securities said, “On the hourly chart, it seems index is in V-shaped recovery and if it turns to be true then we may see a current pullback to extend further towards 13,775, which is previous swing high and on other hand, good supports are formed near 13,550-13,460 zone.” Market is continuing its rally amidst concerns over new virus strain, lockdown and weak global cues, fueled by IT, mid and smallcaps. The additional stimulus announced in the US did not gain much momentum in the global market as the quantum of the benefit was well-factored, but Europe and EMs are maintaining buoyancy. In the coming days, the market will also focus on Brexit trade deals, which are expected to be finalized soon and fallout in the economy due to strict lockdown, said Vinod Nair, Head of Research at Geojit Financ