Market Update: BSE Smallcap index hits record high; HPCL top gainer, RIL most active
The top gainers in Nifty50 Index were Hindustan Petroleum Corporation which zoomed 4 percent followed by Bharti Infratel and Bharti Infratel which added 3.71 percent and 2.98 percent respectively. From the oil & gas space, Indian Oil Corporation was the top gainer, up 2.15 percent while 2-wheeler manufacturer Bajaj Auto gained 1.92 percent.
Indian markets contined its positive move on Wednesday with the BSE Sensex gaining over 129 points, a rise of 0.4 percent while the Nifty50 extended its gains, up 40 points at 10057.80.
In the Nifty50 Index, the top gainers were Hindustan Petroleum Corporation (HPCL) which zoomed 4 percent followed buy Bharti Airtel and Bharti Infratel which added 3.71 percent and 2.98 percent respectively. From the oil & gas space, Indian Oil Corporation (IOC) was the top gainer, up 2.15 percent while 2-wheeler manufacturer Bajaj Auto gained 1.92 percent.
The stocks that hit new 52-week high on the Nifty were Bajaj Auto, IGL, Motilal Oswal, HEG and Avenue Supermarts while on the BSE, Procter & Gamble, Gillette India, Mahanagar Gas, Bharat Financial Inclusion and MM Forgings were some of the few stocks that hit 52-week high.
In the Nifty50 Index, the advance-decline ratio was strongly in favour of the advances with 30 in advances and 19 in decline. On the other hand in the BSE Index 1389 advanced as against 1127 declines.Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd