Private financials, IT, FMCG, Reliance lead Nifty 50 to record high

Shares of private lenders which include non-banking financial companies (NBFC), information technology (IT), fast moving consumer goods (FMCG) and Reliance Industries (RIL) have helped the Nifty 50 index to hit a record high of 11,172.20 on Thursday in early morning trade. The benchmark index surpassed its previous high of 11,171.55 recorded on January 29, 2018.

Bajaj twins – Bajaj Finance and Bajaj Finserv – from NBFCs, Kotak Mahindra Bank, IndusInd Bank, HDFC Bank and YES Bank from private lenders, Tata Consultancy Services (TCS) and Infosys from IT pack, Asian Paints, Hindustan Unilever and ITC from FMCG and Reliance Industries have outperformed the market by rising more than 5% during the period.

Bajaj Finance and Bajaj Finserv have rallied 58% and 43%, respectively, while Asian Paints and TCS were surged more than 20% since January 29, 2018.

However, out of the 50 stocks that comprise the Nifty 50 index, over half (31 scrips) were trading well below their January 29 levels.

Vedanta, Tata Motors, Tata Steel and Hindustan Petroleum Corporation (HPCL) have tanked more than 25%, while ICICI Bank, Oil and Natural Gas Corporation (ONGC), Bajaj Auto and Bharti Infratel down between 20% and 37% during this period.

Not a single stocks from the index hit record highs on the National Stock Exchange (NSE) today. Total seven companies RIL, TCS, HDFC Bank, Housing Development Finance Corporation (HDFC), Infosys, IndusInd Bank and Bajaj Finserv are less than 2% away from their respective all-time highs.

Meanwhile, the Nifty Midcap 100 (at 18,568 levels) and the Nifty Smallcap 100 index (at 7,295 levels) are still 15% and 24% away from their respective all-time highs. The midcap and smallcap index hit record high of 21,840.85 and 9,656.55, respectively, on January 15, 2018 in intra-day trade on the NSE.

	Price on NSE in Rs			All-time high
Company	29/01/2018	LTP	% chg	Price (Rs)	Date	% chg*
Bajaj Fin.	1715.30	2717.15	58.4	2797.00	23/07/2018	-2.9
Bajaj Finserv	4912.40	7000.15	42.5	7080.00	25/07/2018	-1.1
Asian Paints	1152.05	1437.95	24.8	1490.60	25/07/2018	-3.5
TCS	1599.43	1976.70	23.6	2015.00	24/07/2018	-1.9
M & M	764.35	913.25	19.5	940.00	09/07/2018	-2.8
Kotak Mah. Bank	1115.10	1316.85	18.1	1417.00	16/07/2018	-7.1
Hind. Unilever	1397.30	1648.75	18.0	1780.00	17/07/2018	-7.4
Infosys	1182.90	1382.80	16.9	1393.80	25/07/2018	-0.8
Reliance Inds.	964.50	1119.30	16.0	1138.50	20/07/2018	-1.7
IndusInd Bank	1742.50	1974.25	13.3	1995.00	27/06/2018	-1.0
HDFC Bank	1999.65	2184.55	9.2	2220.00	18/07/2018	-1.6
Yes Bank	358.00	384.25	7.3	394.35	19/07/2018	-2.6
ITC	275.65	289.65	5.1	367.70	10/07/2017	-21.2
Tech Mahindra	604.80	621.35	2.7	748.78	02/02/2015	-17.0
GAIL (India)	355.76	364.65	2.5	389.63	28/12/2017	-6.4
Cipla	615.00	626.90	1.9	752.85	10/03/2015	-16.7
H D F C	1967.60	2002.55	1.8	2025.00	18/07/2018	-1.1
Maruti Suzuki	9630.70	9792.00	1.7	9996.40	20/12/2017	-2.0
Eicher Motors	27453.65	27669.95	0.8	33480.00	08/09/2017	-17.4
Titan Company	896.20	862.30	-3.8	999.70	18/04/2018	-13.7
HCL Technologies	1012.05	961.00	-5.0	1108.00	23/04/2018	-13.3
Sun Pharma.Inds.	587.95	555.50	-5.5	1200.80	07/04/2015	-53.7
UltraTech Cem.	4390.70	4136.35	-5.8	4599.90	17/01/2018	-10.1
Indiabulls Hous.	1421.15	1336.45	-6.0	1440.00	29/01/2018	-7.2
Larsen & Toubro	1431.95	1324.95	-7.5	1470.00	01/02/2018	-9.9
Adani Ports	436.65	397.10	-9.1	452.35	24/01/2018	-12.2
Power Grid Corpn	194.15	175.85	-9.4	226.60	08/08/2017	-22.4
Dr Reddy's Labs	2357.10	2114.05	-10.3	4386.60	20/10/2015	-51.8
St Bk of India	312.10	276.45	-11.4	351.50	08/11/2010	-21.4
Lupin	912.20	804.40	-11.8	2129.00	06/10/2015	-62.2
Coal India	301.75	265.75	-11.9	447.10	05/08/2015	-40.6
NTPC	171.05	150.35	-12.1	290.75	15/01/2008	-48.3
Wipro	311.15	272.55	-12.4	517.49	22/02/2000	-47.3
Axis Bank	605.55	528.10	-12.8	654.90	04/03/2015	-19.4
Zee Entertainmen	608.90	521.45	-14.4	822.50	23/02/2000	-36.6
Hero Motocorp	3641.75	3117.50	-14.4	4091.95	01/09/2017	-23.8
Grasim Inds	1184.55	1004.20	-15.2	1300.00	02/11/2017	-22.8
B P C L	469.80	394.05	-16.1	551.55	30/10/2017	-28.6
I O C L	199.83	162.85	-18.5	231.48	31/08/2017	-29.6
UPL	788.50	637.70	-19.1	902.50	01/08/2017	-29.3
Bharti Airtel	440.60	355.80	-19.2	592.10	10/10/2007	-39.9
Hindalco Inds.	258.60	207.90	-19.6	284.00	05/01/2018	-26.8
Bharti Infra.	353.40	282.10	-20.2	499.65	05/08/2015	-43.5
Bajaj Auto	3363.90	2651.50	-21.2	3468.35	02/02/2018	-23.6
O N G C	205.15	159.55	-22.2	314.57	09/06/2014	-49.3
ICICI Bank	357.65	274.30	-23.3	365.70	29/01/2018	-25.0
H P C L	375.15	280.00	-25.4	492.80	31/08/2017	-43.2
Tata Steel	746.14	532.85	-28.6	911.77	01/01/2008	-41.6
Tata Motors	399.25	260.90	-34.7	605.90	03/02/2015	-56.9
Vedanta	345.00	217.75	-36.9	495.00	09/04/2010	-56.0
LTP : Last traded price at 09:44 am.
* % change from all-time high level
Source: NSE/CapitalinePlus