Nearly 130 stocks hit 52-week high on BSE

With the stock market continuing to record sharp gains for the fourth straight session today, as many as 128 stocks touched their 52-week high on the BSE.
The major companies who scaled their one-year peak include Aditya Birla Nuvo, ACC, Biocon, BPCL, DLF, Godrej Consumer Products, Godrej Properties, Hero MotoCorp, ITC, NTPC, PVR, Titan Company and Ujjivan Financial Services.
In the broader market, the Sensex closed higher by 259.33 points, or 0.97 per cent, at 26,999.72.
The gauge had gained 342.68 points in the previous three sessions.
"The market has recovered from the anguish of Brexit," said Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services.

From the 30-Sensex basket, 28 ended in the green led by Dr Reddys Lab, NTPC, AXIS Bank and Tata Motors.

Sun Pharma and Infosys, however, suffered losses.
"The positive trend prevailing in the market was given a fillip after the Cabinet, yesterday, approved the recommendations of the 7th Pay Commission. An increased payout is likely to give a boost to consumer spending and lift the demand for discretionary consumption goods," said Shreyash Devalkar, Fund Manager - Equities, BNP Paribas Mutual Fund.
Among S&P BSE sectoral indices, realty rose the most by 2.39 per cent followed by power 2.19 per cent, metal 1.74 per cent, banking 1.46 per cent, consumer durables 1.44 per cent, auto 1.39 per cent, capital goods 1.21 per cent, PSU 0.99 per cent and FMCG 0.89 per cent.

At the BSE, 1,591 stocks advanced, while 1,028 declined and 210 remained unchanged.