Reliance Industries, ICICI Bank propel Nifty to fresh record high

Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.

Reliance Industries (RIL) and ICICI Bank contributed more than 100 points to the Nifty 50 index which hit an all-time high of 12,132 points today.

The benchmark index surpassed its previous high of 12,103, hit on June 3, 2019 in intra-day trade, on the back of strong buying by foreign portfolio investors (FPIs).

RIL contributed 181 points, while ICICI Bank contributed 132 points of the total Nifty gain during the period. HDFC Bank, Hindustan Unilever, Housing Development Finance Corporation (HDFC) and Bharti Airtel contributed 40 – 60 points of the total benchmark index.

With today’s gain, the Nifty 50 index has rallied 14 per cent, or 1,495 points, from its recent low of 10,637, hit on August 23, 2019.

Since September, FPIs have pumped in net amount of Rs 37,496 crore ($ 5.28 billion), while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.

Meanwhile, more than half or 28 stocks from the Nifty 50 index recorded decline in their market price from their respective June 3, 2019 levels. Shares of private sector lender YES Bank tanked 55 per cent during the period.

State-owned stocks like Gail (India), Oil and Natural Gas Corporation (ONGC), Coal India and Indian Oil Corporation were down between 23–32 per cent each, while ITC, Larsen & Toubro, Mahindra & Mahindra (M&M), Wipro, Tata Steel, Cipla and UltraTech Cement down in the range of 10-20 per cent.

Company	03/06/2019	LTP	% chg
Bharti Airtel	352.75	438.60	24.3
Nestle India	11686.45	14335.00	22.7
B P C L	417.10	503.20	20.6
ICICI Bank	422.90	503.45	19.0
Bajaj Fin.	3511.05	4149.50	18.2
Asian Paints	1459.25	1716.00	17.6
Eicher Motors	19948.15	23137.65	16.0
Reliance Inds.	1360.20	1564.10	15.0
Hind. Unilever	1839.70	2056.95	11.8
Bajaj Finserv	8348.10	9193.00	10.1
Sun Pharma.Inds.	416.80	455.15	9.2
Dr Reddy's Labs	2724.10	2948.55	8.2
Bajaj Auto	3034.60	3191.10	5.2
Kotak Mah. Bank	1531.25	1598.00	4.4
HDFC Bank	1228.55	1278.25	4.0
HDFC	2230.45	2301.00	3.2
Britannia Inds.	2970.20	3058.10	3.0
Maruti Suzuki	7022.90	7208.40	2.6
Power Grid Corpn	193.05	196.05	1.6
HCL Technologies	1115.20	1129.60	1.3
Hindalco Inds.	199.40	200.30	0.5
Tech Mahindra	757.60	759.95	0.3
St Bk of India	355.45	338.85	-4.7
Tata Motors	174.50	165.20	-5.3
Infosys	744.65	703.15	-5.6
JSW Steel	274.55	256.10	-6.7
Titan Company	1266.25	1178.20	-7.0
Axis Bank	812.65	754.20	-7.2
TCS	2242.30	2079.55	-7.3
IndusInd Bank	1662.65	1510.00	-9.2
Grasim Inds	895.05	805.60	-10.0
Zee Entertainmen	359.55	323.00	-10.2
ITC	278.55	248.75	-10.7
NTPC	133.10	118.60	-10.9
Adani Ports	424.75	375.00	-11.7
Larsen & Toubro	1559.40	1374.75	-11.8
Vedanta	164.20	144.60	-11.9
Bharti Infra.	268.75	236.15	-12.1
Hero Motocorp	2840.25	2488.70	-12.4
UltraTech Cem.	4762.30	4150.50	-12.8
Cipla	568.25	486.10	-14.5
Tata Steel	497.65	422.00	-15.2
M & M	653.40	547.80	-16.2
Wipro	291.30	242.40	-16.8
UPL	671.40	545.50	-18.8
IOCL	169.70	131.90	-22.3
ONGC	172.15	132.30	-23.1
Coal India	260.90	200.15	-23.3
GAIL (India)	178.73	124.15	-30.5
Yes Bank	149.45	67.20	-55.0
LTP - Last traded price at 10:32 am