BSE500 index hits 52-week low

Total 65 stocks including Tata Motors, UltraTech Cement, Shree Cement, Piramal Enterprises, Grasim, Container Corporation and Bharat Forge were hitting their respective 52-week lows today.

The S&P BSE 500 index hit a 52-week low of 13,409, down 1.3% on the BSE on Tuesday after a sharp decline in consumer discretionary goods & services, infrastructure, information technology (IT), cement, pharmaceutical and financial sector stocks. The index has fallen below its previous low of 13,453.81 touched on October 11, 2018, in intra-day trade.

With today’s decline, the S&P BSE 500 index has fallen 16% from its all-time high level of 15,938 recorded on September 3, 2018, as the cement, paints and auto ancillaries companies reported a weak set of numbers for the quarter ended September.

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