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Market Now: Over 70 stocks hit fresh 52-week highs defying bearish market stance

Equity benchmarks were in the negative zone owing to selling across sectors.

ETMarkets.com|
Updated: Dec 12, 2017, 12.08 PM IST
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Dr. Reddy's Laboratories, Vedanta, GAIL, Oil & Natural Gas Corporation and Adani Ports were gaining in trade.
Dr. Reddy's Laboratories, Vedanta, GAIL, Oil & Natural Gas Corporation and Adani Ports were gaining in trade.
NEW DELHI: Over 70 stocks, including Aegis Logistics, Balaji Amines, Greenlam Industries and Hinduja Ventures hit fresh 52-week highs on NSE in Tuesday's trade, defying the bearish market sentiment.

Lumax Auto Technologies, Lux Industries, Maruti Suzuki India, United Spirits, Motherson Sumi Systems, PC Jeweller, Provogue (India), Ramco Systems, TVS Motor Company and Zen Technologies were also among the stocks that hit fresh 52-week highs today.

On the contrary, as many as 11 stocks, including Bharati Defence and Infrastructure, Diligent Media Corporation, Lycos Internet, STEEL EXCHANGE INDIA and TV Vision hit fresh 52-week lows on NSE in Tuesday's trade so far.

Equity benchmarks were in the negative zone owing to selling across sectors. Barring Nifty Metal and Nifty Pharma, all other sectoral indices were in the red on NSE.

Among the 50 stocks in the Nifty50 index, 18 were in the green, while 32 were in the red.

Dr. Reddy's Laboratories, Vedanta, GAIL, Oil & Natural Gas Corporation and Adani Ports were gaining in trade.

On the other hand, Hindustan Petroleum Corporation, Bharti Infratel, Indian Oil Corporation, Bharat Petroleum Corporation and ITC were trading in the red.
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