125 stocks from BSE500 index hit 52-week lows; 14 stocks touch new lows

Foreign portfolio investors turned net sellers for the 10th straight trading day, offloading equity shares worth Rs 22,089 crore till March 6, 2020, exchange data shows

One out of every four stocks from the S&P BSE500 index hit its 52-week low on the BSE on Monday as investor sentiment remained subdued amid the rapid spread of novel coronavirus across the world. Meanwhile, oil prices plummeted over 20 per cent as the Organization of Petroleum Exporting Countries (OPEC) talks broke down with Saudi Arabia raising output.

As many as 125 stocks from the BSE500 index, including Oil and Natural Gas Corporation (ONGC), NTPC, Larsen & Toubro (L&T), ITC, Bharat Heavy Electrical Limited (BHEL), Hindalco Industries, Tata Motors, Vedanta and Wipro hit their 52-week lows today.