SBI, Axis Bank, ICICI Bank, L&T, BHEL hit 52-week lows

Shares of State Bank of India (SBI), Axis Bank, ICICI Bank, Larsen & Toubro (L&T) and Bharat Heavy Electricals Limited (BHEL) are among five Sensex stocks to hit their respective 52-week lows on the Bombay Stock Exchange (BSE) after the benchmark index dropped more than 1% today.

The NSE Nifty 50 index and the BSE Sensex have fallen more than 1% in early morning trade after China's regulators halted trading for the day following a sharp plunge in Chinese shares. Indian markets continued to post losses for four consecutive trading sessions mainly on concerns of global weakness and correction in oil prices.

BHEL (Rs 160), PNB (Rs 107), Axis Bank (Rs 418) L&T (Rs 1,213) and SBI (Rs 212) were down 2%-3% on the NSE.

Allahabad Bank, Bank of India, Canara Bank, Punjab National Bank (PNB), Indian Bank, Alstom T&D India and Sunrise Asian from the BSE500 index have touched 52-week lows today.

Meanwhile, Tata Consultancy Services (TCS), ACC, Dr Reddy’s Laboratories, Bajaj Electricals, Bank of Maharashtra, Vijaya Bank, SKF India, Federal Bank, Indian Overseas Bank, Orient Cement, Bayer Crop Sciences, Container Corporation of India and Procter & Gamble Hygiene and Health Care from the BSE500 index are trading nears to their 52-week lows.

 


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