Share market update: Over 40 stocks defy positive market mood, hit 52-week lows

NEW DELHI: Despite positive market sentiment, over 40 stocks, including Bafna Pharmaceuticals, Alchemist, AYM Syntex, Bombay Rayon Fashions and D B Realty, hit 52-week lows on NSE in Monday's session.

Energy Development Company, IL&FS Transportation Networks, Jaiprakash Associates, Jaypee Infratech, Metalyst Forgings, Nesco, SPML Infra, TD Power Systems and Vishnu Chemicals also featured among stocks that touched 52-week lows on NSE.

Sensex and Nifty were trading higher amid positive global cues and healthy gains in banking, metal and FMCG stocks.

The NSE Nifty index was trading 115 points up at 11,672, while the BSE Sensex was up 400 points at 38,652 around 12 pm.

Barring Nifty Pharma and media, all sectoral indices were in the green on NSE.

Losses in shares of Aurobindo Pharma, Sun Pharma, Glenmark Pharmaceuticals, Cipla and Cadila Healthcare dragged the Nifty Pharma index down.

Among the 50 stocks in the Nifty index, 45 were trading with gains and five were incurring losses.

Hindalco, PowerGrid, ICICI Bank and State Bank of India were leading among Nifty scrips.

Sun Pharmaceutical Industries, Bharti Infratel, Eicher Motors, Zee Entertainment Enterprises and Cipla were among the losers in the Nifty index.