NIFTY50 and SENSEX trade in red, but these 10 stocks hit 52-week high on Friday; Check details

Indian equity indices traded in the red on Friday, snapping the six-day rally. The NIFTY50 traded below the crucial psychological mark of 25,000 in the mid-day trading session, while SENSEX fell over 470 points to trade at below 82,000 levels. Despite the weakness, shares of companies like JM Financial, Apollo Hospitals, Aditya Birla Capital, and HDFC AMC traded at new 52-week high levels. Indian equity benchmarks extended losses in morning deals, dragged by Banking, Metal and FMCG stocks. Traders remained cautious as SBI Research Report stated that India's economic growth is expected to be lower at 6.3% in the fiscal year 2025-26 (FY26) compared to the Reserve Bank of India’s (RBI's) projection of 6.5%. The report pegged the first quarter Gross Domestic Product (GDP) estimate at around 6.8-7%, mainly due to muted private capex. Traders overlooked exchange data showing Foreign Institutional Investors (FIIs) bought equities worth ₹1,246.51 crore on Thursday. Sector-wise, airline stocks remained in watch as ratings agency Crisil said the domestic airline industry is expected to witness a moderation in operating profit this fiscal due to muted demand in the first quarter as well as an expected decline in yields. On the global front, Asian markets are trading mixed as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at the Federal Reserve's Jackson Hole Symposium. The SENSEX is currently trading at 81456.22, down by 544.49 points or 0.66% after trading in a range of 81429.33 and 81993.61. 7 stocks were advancing against 23 stocks declining on the index. The broader indices were trading in red; the BSE Mid-cap index fell 0.08%, while the Small-cap index was down by 0.11%. The top gaining sectoral indices on the BSE were Capital Goods up by 0.57%, Industrials up by 0.25% and Healthcare up by 0.08%, while Bankex down by 0.89%, Metal down by 0.82%, FMCG down by 0.74%, IT down by 0.68% and Basic Materials down by 0.57% were the top losing indices on BSE. The top gainers on the Sensex were Bharat Electronics up by 1.26%, Trent up by 0.52%, Bajaj Finance up by 0.50%, Mahindra & Mahindra up by 0.50% and Sun Pharma up by 0.41%. On the flip side, HCL Tech. down by 1.63%, HDFC Bank down by 1.51%, Asian Paints down by 1.51%, ITC down by 1.28% and TCS down by 1.18% were the top losers. The NIFTY50 is currently trading at 24920.50, down by 163.25 points or 0.65% after trading in a range of 24913.75 and 25084.85. 9 stocks were advancing against 41 stocks declining on the index. Despite the weakness in broader and benchmark indices, a few stocks continued to march higher and touch 52-week high levels on Friday. Below are the top 10 stocks that are trading at 52-week high levels | Name | 52-week high price | |-------------------------------|--------------------| | JM Financial | ₹199.8 | | One97 Communications | ₹1,277.8 | | L\&T Finance | ₹225.4 | | HDFC Asset Management | ₹5,863 | | Lemon Tree Hotels | ₹174 | | Nippon India Asset Management | ₹887.9 | | Credit Access grameen | ₹1,406 | | Apollo Hospitals | ₹7,977 | | Cummin India | ₹3,929 | | Aditya Birla Capital | ₹292 | On the contrary, there are no major stocks that hit the 52-week low levels, barring a few small names like Borana Weaves, Khadim India, Hikal Ltd and more.