Reliance Industries, SBI, ONGC and others hit 52-week low today; check full list

NIFTY declined for the ninth straight day while SENSEX extended losses for the second day on Monday, March 3, as US tariff worries triggered selling in bluechip shares. The key indices started the day on a high note but lost gains in morning trade due to heavy selling in metal, oil & gas media and realty shares.

As many as 899 shares hit their 52-week lows amid a selloff while just 12 shares soared to their highest level in the past 52 weeks on NSE. Market breadth was negative as 2,400 stocks traded with losses and 406 with gains while 59 were unchanged. As many as 319 stocks hit their lower circuits in the morning session on the NSE.

As of 12:03 pm, the benchmark NIFTY 50 dropped 109.30 points, or 0.49%, to 22,015.4, marking its ninth day of losses. The BSE SENSEX fell by 357 points, or 0.49%, to 72,841.1.

The volatility index, or India VIX, inched up 1.13% to 14.07. All the NIFTY sectoral indices, except for NIFTY IT, declined in morning session. NIFTY Media fell the most by 2.87% followed by NIFTY Oil & Gas by 2.17%.

Here’s a look at the major stocks that touched their 52-week lows today:

Reliance

Reliance shares have declined amid a weak sentiment over oil & gas shares, which were under pressure for the sixth straight session.

Stagnant crude oil prices, falling refining margins, and high LPG subsidy outgo have weighed on the oil & gas sector.

ONGC

State Bank of India

The public sector lender had reduced its lending rates last month by 25 basis points after the RBI reduced the key policy rates.

LIC

The insurer received a tax demand notice of ₹480 crore from the Maharashtra GST authorities. It was the third GST demand and penalty notice received by LIC in the last week alone.

LIC shares have been falling since February 24, declining more than 7% in the five straight sessions.

The insurer received a tax demand notice of ₹480 crore from the Maharashtra GST authorities. It was the third GST demand and penalty notice received by LIC in the last week alone.

LIC shares have been falling since February 24, declining more than 7% in the five straight sessions.