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52-week low: Stock market update: 34 stocks hit 52-week lows on NSE


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NEW DELHI: Around 34 stocks fell to touch their 52-week lows on NSE in Monday s session.
Among the stocks that touched their 52-week low on NSE were: Asian Hotels (West), AKG Exim, Deep Energy Resources, Generic Engineering, GFL, Global Vectra Helicorp, Khaitan (India), Sharda Motor, Spencer s Retail, Suvidhaa Infoserve, Taj GVK Hotels and Zodiac Clothing.
Domestic benchmark index NSE Nifty was trading 329.45 points down at 14288.4, while the BSE Sensex was trading 1127.33 points down at 47704.70.
On the other hand, Linde India, CAMS, Cipla, Cadila Healthcare and Wipro stocks hit their fresh 52-week high today.
In the Nifty 50 index, Cipla, Dr. Reddy s, Britannia, Infosys and Divi s Labs were among the top gainers on the NSE. However, Axis Bank, Kotak Bank, Bajaj Finance, ICICI Bank and SBI were among the top losers. ....

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Ahead of Market: 12 things that will decide stock action on Tuesday


Ahead of Market: 12 things that will decide stock action on Tuesday
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Nimish Shah of Waterfield Advisors said, a correction of up to 10 per cent from Nifty50’s peak value of 15,200 would be a good support level.
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Analysts said it was testing of the 14,200 level that brought buying on Nifty50 at lows.
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NEW DELHI: Nifty opened gap down and traded with deep cuts in the initial session, as the benchmarks bucked the global trend due to a spike in Covid 2.0 cases in India and imposition of curfew in the national capital and few other places. However, Nifty made a comeback due to the buying in dips approach in the market and formed a green Hammer like candle for the day. ....

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Ahead of Market: 12 things that will decide stock action on Tuesday


Ahead of Market: 12 things that will decide stock action on Tuesday
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The new short-term range for the index will be in the 14,200-14,700 range, said Gaurav Ratnaparkhi of Sharekhan.
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NEW DELHI: Nifty saw a gap-down opening on Monday and witnessed deep sell-off in the intraday trade. The headline index formed a Long Black Day candle on the daily chart.
Nifty has approached a trendline drawn from the previous crucial swing lows. All these parameters offered some support to the index. These parameters are in the 14,200-14,300 range. Unless this range is broken on a closing basis, the index can still stay in a consolidation phase. The new short-term range for the index will be in the 14,200-14,700 range, said Gaurav Ratnaparkhi of Sharekhan. ....

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