Market Update: 150 stocks hit new 52-week high on NSE; Delta Corp, Kwality down 16-20%, Airtel top loser

The Indian equity market were trading lower on Wednesday afternoon with the Nifty shedding 82 points at 10,101 mark while the Sensex was down 241 points or 0.73 percent.

The Nifty metal index was down 2 percent dragged by stocks including Bhushan Steel, Hindalco Industries, Jindal Steel & Power, Tata Steel, NALCO, Vedanta and Hindustan Copper among others.

CNX Energy was down almost 2 percent dragged by Reliance Industries and Tata Power followed by ONGC and HPCL.

The top Nifty gainers included Coal India and Tech Mahindra which added close to 3 percent each followed by Hero Moto, Wipro and GAIL India.

The most active Nifty stocks included Fortis Healthcare which slumped over 14 percent while Maruti Suzuki, Tata Steel, State Bank of India and TCS were the other active stocks.

The top Nifty losers were Vedanta, Bharti Airtel and Tata Steel which shed over 3 percent each followed by Adani Ports and Sun Pharma.

The top BSE gainers included Mahindra Holidays which was up close to 6 percent followed by Oberoi Realty, Rallis India and Mphasis.

The top BSE losers included names like Kwality which tanked close to 20 percent while Delta Corp was down 16 percent. GATI and Persistent were lower by over 10 percent each.

Bharat Financial Inclusion, Nestle India, Titan Company and TV18 Broadcast were few Nifty stocks which hit fresh 52-week high in today's trade.

150 stocks hit new 52-week low including names like Amtek Auto, Balrampur Chini, Cummis India, Gitanjali Gems and Kwality were some of the stocks that hit fresh 52-week low.

The market breadth was in favour of the declines with 526 stocks advancing while 1207 declined and 293 remained unchanged. On the other hand, in the BSE, 862 stocks advanced and 1751 declined and 186 remained unchanged.

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