BSE Healthcare, auto, capital goods, Bankex hit 52-week low

Four sectoral indices – healthcare, auto, capital goods and banking – have touched their respective 52-week lows on the Bombay Stock Exchange after the S&P BSE Sensex hit a new 52-week low in the intra-day trade.

At 01:22 p.m. the S&P BSE capital goods index was down nearly 2%, auto and healthcare indices were down 1% each, while Bankex lost 0.18%.

The S&P BSE Sensex was down 0.65% at 24,285 and hit a fresh 52-week low after weak US economic data and massive falls in oil prices stoked further worries about a global economic downturn. The index is down nearly 1,900 points or 7% since January 1, 2016.

Larsen & Toubro, Bharat Heavy Electricals Limited, Thermax, VA Tech Wabag and Thermax from capital goods index, State Bank of India, Axis Bank, ICICI Bank, Bank of Baroda, Federal Bank and Punjab National Bank from Bankex hit their 52-week lows.

Merck, Venus Remedies and Elder Pharmaceuticals from Healthcare space, while Apollo Tyres and Bharat Forge from Auto pack also touched 52-week lows in the intra-day trade.

Meanwhile, one out five or 104 stocks from the BSE500 index touched their respective 52-week lows. The list includes ABB, ACC, Adani Ports & Special Economic Zone, Bajaj Corp, Bajaj Electricals, Bata India, Cairn India, Dabur India, Eros International Media, Idea Cellular, Nestle India and Vedanta.

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel