Markets have been carrying its bull-run for the 12th straight session on back of strong FIIs inflow into sectors like oil, technology, capital goods, power, telecom and realty. The Sensex and Nifty made a new all-time high today at 17,953.07 and 5261.35, respectively.
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Bull run: Stocks @ 52-wk highs
Markets have been carrying its bull-run for the 12th straight session on back of strong FIIs inflow into sectors like oil, technology, capital goods, power, telecom and realty. The Sensex and Nifty made a new all-time high today at 17,953.07 and 5261.35, respectively.
Like this story, share it with millions of investors on M3
Bull run: Stocks @ 52-wk highs
Markets have been carrying its bull-run for the 12th straight session on back of strong FIIs inflow into sectors like oil, technology, capital goods, power, telecom and realty. The Sensex and Nifty made a new all-time high today at 17,953.07 and 5261.35, respectively.
Markets have been carrying its bull-run for the 12th straight session on back of strong FIIs inflow into sectors like oil, technology, capital goods, power, telecom and realty. The Sensex and Nifty made a new all-time high today at 17,953.07 and 5261.35, respectively.
During today's rally when Sensex was up by more than 600 points, many stocks have touched 52-week high. Recently listed and real estate leader, DLF touched a high of Rs 887.80 on the back of news that the company has bagged a 9000 acre - USD 12.5 billion project from the Karnataka government on the outskirts of Bangalore, which is the biggest project by a private developer.
Power sector is the leader for today’s rally. All power stocks were charged up. One branch of Tata’s company Tree, Tata Power hit a high of Rs 1144, gained nearly 25.75%. ADAG’s Reliance Energy surged 7.07% to a new high of Rs 1445 on account of news that Reliance Power, a subsidiary, to enter capital market for raising around USD 2.5-3 billion for building power plants. PSU power major, NTPC upped 7.96% to a high of Rs 222.40. There are other stocks made a 52-week high like CESC , PFC , Gujarat Industries Power etc.
Oil and Gas companies are the major leaders. Reliance Industries hit a high of Rs 2440 and ONGC at Rs 1052.
All Reliance stocks have been the large pie in this rally - Reliance Capital touched a 52-week high of Rs 1894, second biggest telecom player in India, Reliance Communications at Rs 659, Mukesh Ambani’s Reliance Industrial Infrastructure at Rs 1539.95 and IPCL at Rs 485.90.
ACC CESC DLF Grasim Guj Ind Power IPCL Madras Cements NTPC ONGC Power Finance Rel Capital Reliance Infra Reliance Rel Ind Infra Shree Cements Tata Power
