As many as 253 stocks on Tuesday touched their 52-week highs, of which 58 stocks hit record highs on the Bombay Stock Exchange (BSE).
Tata Motors, Sun Pharmaceutical Industries, Lupin, Asian Paints, Indoco Remedies, Atul Limited, Kaveri Seeds Company, PI Industries, Page Industries, Alembic Pharma, Supreme Industries and Timken India from BSE-500 index touched their respective record highs today.
Ranbaxy Laboratories, Century Textiles, La Opala RG, Granules India, Hitachi Home and Life Solutions, BF Utilities, Novartis India, Global Offshore, Insecticides India and JBM Auto are among few that hit multi-year highs on the BSE.
At 1230 hours, the BSE 30-share Sensex was up 245 points at 25,961, rallied 954 points in past six trading sessions on strong buying by foreign institutional investors (FIIs). The National Stock Exchange (NSE) CNX Nifty gained nearly 300 points at 7753 points during the period.
FIIs have pumped in Rs 2,709 crore since July 14, according to provisional data available on the stock exchanges.
Jyotivardhan Jaipuria and Anand Kumar, research analysts at BofA Merrill Lynch said that investors believe that the Indian growth story clearly stands out amongst the emerging markets universe. However, future FII flows may be driven by global funds that are not as heavily positioned in India.
The earnings downgrade phase is behind us and the upgrade phase should start from mid-2015, they add.
Analysts like Maruti Suzuki, ICICI Bank, State Bank of India, Oil India and UltraTech Cement from large-cap and Eicher Motors, YES Bank, Aurobindo Pharma, Bharat Forge, Bharat Electronics and Prestige Estates from mid-cap space.
Tata Motors, Sun Pharmaceutical Industries, Lupin, Asian Paints, Indoco Remedies, Atul Limited, Kaveri Seeds Company, PI Industries, Page Industries, Alembic Pharma, Supreme Industries and Timken India from BSE-500 index touched their respective record highs today.
Ranbaxy Laboratories, Century Textiles, La Opala RG, Granules India, Hitachi Home and Life Solutions, BF Utilities, Novartis India, Global Offshore, Insecticides India and JBM Auto are among few that hit multi-year highs on the BSE.
At 1230 hours, the BSE 30-share Sensex was up 245 points at 25,961, rallied 954 points in past six trading sessions on strong buying by foreign institutional investors (FIIs). The National Stock Exchange (NSE) CNX Nifty gained nearly 300 points at 7753 points during the period.
FIIs have pumped in Rs 2,709 crore since July 14, according to provisional data available on the stock exchanges.
Jyotivardhan Jaipuria and Anand Kumar, research analysts at BofA Merrill Lynch said that investors believe that the Indian growth story clearly stands out amongst the emerging markets universe. However, future FII flows may be driven by global funds that are not as heavily positioned in India.
The earnings downgrade phase is behind us and the upgrade phase should start from mid-2015, they add.
Analysts like Maruti Suzuki, ICICI Bank, State Bank of India, Oil India and UltraTech Cement from large-cap and Eicher Motors, YES Bank, Aurobindo Pharma, Bharat Forge, Bharat Electronics and Prestige Estates from mid-cap space.