D-Street Buzz: Over 500 stocks hit 52-week low on BSE; Zee Ent ends 4% higher, Tata Steel spikes

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The Indian stock market managed to close the session on June 19 flat with Nifty closing flat at 11,691 mark while the Sensex ended 66 points higher at 39,112 level.

Nifty Auto ended a percent dragged by Tata Motors, Hero MotoCorp, Tata Motors DVR, TVS Motor Company, Exide Industries, Ashok Leyland, Bajaj Auto and Mahindra & Mahindra among others.

From the pharma space, the top losers are Piramal Enterprises, Glenmark Pharma, Dr Reddy’s Labs, Cipla and Aurobindo Pharma.

Nifty Media managed to close in the green pulled up by Zee Entertainment which jumped over 4 percent followed by Jagran Prakashan and Network18.

Nifty Realty ended with gains of over 1 percent led by Oberoi Realty, DLF, Godrej Properties, Phoenix Mills and Prestige Estates.

India VIX was up 0.89 percent at 14.73 levels.

The top gainers from the NSE include Tata Steel, Zee Entertainment, Kotak Mahindra Bank, NTPC and Titan Company while the top losers are Indiabulls Housing Finance, YES Bank, UPL, Adani Ports and IndusInd Bank.

The most active stocks were Indiabulls Housing Finance, YES Bank, Tata Steel, Reliance Industries and IndusInd Bank.

575 stocks have hit 52-week low on BSE including Jet Airways, Jain Irrigation, Indiabulls Housing Finance, Reliance Naval, Reliance Infra, Reliance Capital, IRB Infra, HDIL, Reliance Power, JP Associates, Kwality, Reliance Home Finance, Reliance Power, Manpasand Beverages, McLeod Russel, Mercator, Arvind, Punj Lloyd, Reliance Communications, Glenmark Pharma and YES Bank among others.

The breadth of the market favoured the declines as 486 stocks advanced and 1292 declined while 320 remained unchanged on the NSE. On the BSE, 700 stocks advanced, 1867 declined and 120 remained unchanged.

Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.