Bulls charge ahead on D-Street: 159 stocks hit 52-week high on BSE
As many as 159 stocks hit a fresh 52-week high on BSE which include companies like Reliance Industries, Tata Steel, Bata India, Bharat Financial Inclusion, Kotak Mahindra Bank and Bharti Infratel among others.
The S&P BSE Sensex rose over 250 points in trade on Friday but there was plenty of action in individual stocks as more than 150 stocks hit a fresh 52-weeks high on the BSE. As many as 159 stocks hit a fresh 52-week high on BSE which include companies like Reliance Industries, Tata Steel, Bata India, Bharat Financial Inclusion, Kotak Mahindra Bank and Bharti Infratel among others.
Leading the pack were stocks from real estate, telecom and the metal space. Reliance Industries, Bharti Infratel, Avenue Supermarts, Hindalco Industries, Kotak Mahindra Bank, Oberoi Realty and NIIT Technologies were some of the stocks which registered new 52-week high.
The S&P BSE Bankex was up 1.15 percent at 27791.90, up 411.84 points led by ICICI Bank, Bank of India, Axis Bank, PNB and Kotak Mahindra Bank.
The S&P BSE Metal Index gained 1.44 percent, up 203.81 points at 14457.80 led by Steel Authority of India, Tata Steel and Coal India.
The CNX Nifty was up 0.77 percent, up 78 points led by Bharti Airtel, Bharti Infratel, ICICI Bank Kotak Mahindra Bank and Tata Steel.Among the stocks that hit the 52-week high in the Nifty were Reliance Industries, Tata Steel, Adani Transmission, Edelweiss Financial, Jindal Steel & Power, Kolte Patil Developers and NALCO.