 "S&P BSE 500 index hits 52-week high")
The Bombay Stock Exchange (BSE) S&P BSE Sensex hit a 52-week high on Monday, amid buying interest from foreign funds and strong rally in oil marketing companies (OMCs), financials and chemicals shares.
At 10:43 hours, S&P BSE 500 index was up 0.36% or 41 points at 11,462. It touched 52-week high of 11,466 points during intra-day trade today so far. The index is less than 3% or 299 points away from its all-time high of 11,765 touched on March 4, 2016 in intra-day trade.
S&P BSE 500 index represents nearly 93% of the total market capitalization on BSE. S&P BSE 500 covers all 20 major industries of the economy.
Total 32 stocks from the BSE 500 index are trading at their 52-week highs, while of these 19 scrips are quoting at their all-time highs on the BSE.
Shares of all three listed OMCs – Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) – trading at their respective lifetime highs. Bajaj Finance, IndusInd Bank and Lakshmi Vilas Bank from the financials and GHCL, Pidilite Industries and Navin Fluorine International from the commodity and specialty chemicals are trading at record highs.
OMCs’ performance is on the rise, led by scope for meaningful increase in marketing margins and profitability, slower ramp-up by private marketers, high volume growth, aided by expected gross domestic product growth, and improving balance sheet with increasing cash flow, according to analysts at Motilal Oswal Securities.
Chennai Petroleum Corporation, Caplin Point Laboratories, Alok Industries, Rallis India, Carborundum Universal, Punjab National Bank, Central Bank of India and Aditya Birla Nuvo from the index were trading higher by more than 4% each.
A strong foreign institutional investors (FIIs) buying also led rally in stock market, as they were net buyers for the 10th straight trading sessions. FIIs have pumped in Rs 6,857 crore ($1.02 billion) in Indian equities in the last 10 trading days between July 8 to July 21, figures from the National Securities Depository (NSDL) showed.
In past one month, foreign portfolio investors were net buyers of equities worth Rs 7,947 crore, or $1.18 billion, data showed.
At 10:43 hours, S&P BSE 500 index was up 0.36% or 41 points at 11,462. It touched 52-week high of 11,466 points during intra-day trade today so far. The index is less than 3% or 299 points away from its all-time high of 11,765 touched on March 4, 2016 in intra-day trade.
S&P BSE 500 index represents nearly 93% of the total market capitalization on BSE. S&P BSE 500 covers all 20 major industries of the economy.
Total 32 stocks from the BSE 500 index are trading at their 52-week highs, while of these 19 scrips are quoting at their all-time highs on the BSE.
Shares of all three listed OMCs – Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) – trading at their respective lifetime highs. Bajaj Finance, IndusInd Bank and Lakshmi Vilas Bank from the financials and GHCL, Pidilite Industries and Navin Fluorine International from the commodity and specialty chemicals are trading at record highs.
OMCs’ performance is on the rise, led by scope for meaningful increase in marketing margins and profitability, slower ramp-up by private marketers, high volume growth, aided by expected gross domestic product growth, and improving balance sheet with increasing cash flow, according to analysts at Motilal Oswal Securities.
Chennai Petroleum Corporation, Caplin Point Laboratories, Alok Industries, Rallis India, Carborundum Universal, Punjab National Bank, Central Bank of India and Aditya Birla Nuvo from the index were trading higher by more than 4% each.
A strong foreign institutional investors (FIIs) buying also led rally in stock market, as they were net buyers for the 10th straight trading sessions. FIIs have pumped in Rs 6,857 crore ($1.02 billion) in Indian equities in the last 10 trading days between July 8 to July 21, figures from the National Securities Depository (NSDL) showed.
In past one month, foreign portfolio investors were net buyers of equities worth Rs 7,947 crore, or $1.18 billion, data showed.
| COMPANY | LATEST | 52 WK HIGH | PREV HIGH | PREV DATE |
| 3M INDIA | 14560.00 | 14939.90 | 14490.00 | 07-Jul-16 |
| ADITYA BIR. NUV. | 1426.05 | 1429.50 | 1377.00 | 22-Jul-16 |
| B P C L | 592.80 | 602.00 | 590.00 | 21-Jul-16 |
| BAJAJ FIN. | 8984.50 | 9035.00 | 8874.00 | 22-Jul-16 |
| BAJAJ HOLDINGS | 1775.00 | 1811.00 | 1795.00 | 22-Jul-16 |
| BIOCON | 811.95 | 828.30 | 825.00 | 22-Jul-16 |
| BLUE STAR | 463.70 | 470.00 | 467.65 | 22-Jul-16 |
| C P C L | 272.75 | 276.30 | 269.60 | 21-Jul-16 |
| CARBORUNDUM UNI. | 256.95 | 262.00 | 259.95 | 04-Jul-16 |
| DALMIA BHAR. | 1441.40 | 1455.00 | 1451.50 | 22-Jul-16 |
| DLF | 161.80 | 163.55 | 163.30 | 13-Jul-16 |
| FINOLEX CABLES | 392.50 | 395.00 | 394.80 | 22-Jul-16 |
| FINOLEX INDS. | 462.00 | 464.30 | 463.10 | 07-Jul-16 |
| FIRSTSOUR.SOLU. | 51.90 | 51.95 | 51.80 | 22-Jul-16 |
| GHCL | 210.00 | 215.25 | 206.10 | 22-Jul-16 |
| HAVELLS INDIA | 378.85 | 388.70 | 378.90 | 22-Jul-16 |
| HIMATSING. SEIDE | 291.20 | 297.50 | 289.00 | 22-Jul-16 |
| I O C L | 542.90 | 549.70 | 531.80 | 21-Jul-16 |
| IFCI | 30.20 | 30.40 | 29.95 | 21-Oct-15 |
| INDUSIND BANK | 1143.60 | 1153.00 | 1147.50 | 11-Jul-16 |
| JK LAKSHMI CEM. | 420.65 | 423.00 | 423.00 | 21-Jul-16 |
| JM FINANCIAL | 65.90 | 67.75 | 65.00 | 22-Jul-16 |
| KESORAM INDS. | 150.60 | 153.00 | 150.85 | 21-Jul-16 |
| LAK. VILAS BANK | 125.20 | 128.00 | 125.60 | 22-Jul-16 |
| M R P L | 86.60 | 88.25 | 82.90 | 07-Aug-15 |
| NAVIN FLUO.INTL. | 2322.00 | 2340.00 | 2290.00 | 19-Jul-16 |
| NESTLE INDIA | 7121.00 | 7136.00 | 7124.00 | 22-Jul-16 |
| PIDILITE INDS. | 742.95 | 744.80 | 739.50 | 08-Jul-16 |
| TATA MOTORS | 504.30 | 508.00 | 507.90 | 22-Jul-16 |
| TATA MOTORS-DVR | 328.70 | 333.05 | 331.00 | 22-Jul-16 |
| TUBE INVESTMENTS | 531.25 | 537.05 | 537.00 | 22-Jul-16 |
| VARDHMAN TEXTILE | 1078.00 | 1080.00 | 1080.00 | 22-Jul-16 |