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A sharp recovery in equity markets have seen more than 200 stocks hitting their respective 52-week high on the Bombay Stock Exchange (BSE) in intra-day trades today.
Coal India, Maruti Suzuki India, Dr Reddy’s Laboratories, LIC Housing Finance, Emami, Godrej Consumer Products, Amara Raja Batteries and Bajaj Finserv are among 209 stocks that touched 52-week highs on the back of strong domestic institutional investors (DIIs) buying.
Capital infusion in banks and some clarity on retrospective tax on capital gains have led to rally in Indian equity markets in the past couple of trading sessions.
Good results from key corporates such as private banking heavyweight ICICI Bank and firm global cues post the US Fed meet outcome have improved the sentiment of investors, said Gaurav Jain, Director, Hem Securities.
Of the 209 stocks to hit 52-week highs, 20 stocks are from the A group, 140 from B group and the remaining 49 from T group.
A total of about 116 scrips have touched their respective new lifetime highs, including Coal India, Maruti Suzuki India, Dr Reddy’s Laboratories, LIC Housing Finance and Cummins India.
Meanwhile, the BSE midcap index has touched a fresh record high of 11,393 in intra-day trades today, while the smallcap index has hit an intra-high of 11,974 and is now about 61 points away from its lifetime high of 12,035 touched on April 15.
Since June 11, when the Sensex hit a recent low of 26,371, the midcap and smallcap indices have surged by 13% each; the Sensex has gained 7% during the period.
DIIs have made net investments of about Rs 33,000 crore in equity market in the past four months since April, the stock exchange data shows.
Coal India, Maruti Suzuki India, Dr Reddy’s Laboratories, LIC Housing Finance, Emami, Godrej Consumer Products, Amara Raja Batteries and Bajaj Finserv are among 209 stocks that touched 52-week highs on the back of strong domestic institutional investors (DIIs) buying.
Capital infusion in banks and some clarity on retrospective tax on capital gains have led to rally in Indian equity markets in the past couple of trading sessions.
Good results from key corporates such as private banking heavyweight ICICI Bank and firm global cues post the US Fed meet outcome have improved the sentiment of investors, said Gaurav Jain, Director, Hem Securities.
Of the 209 stocks to hit 52-week highs, 20 stocks are from the A group, 140 from B group and the remaining 49 from T group.
A total of about 116 scrips have touched their respective new lifetime highs, including Coal India, Maruti Suzuki India, Dr Reddy’s Laboratories, LIC Housing Finance and Cummins India.
Meanwhile, the BSE midcap index has touched a fresh record high of 11,393 in intra-day trades today, while the smallcap index has hit an intra-high of 11,974 and is now about 61 points away from its lifetime high of 12,035 touched on April 15.
Since June 11, when the Sensex hit a recent low of 26,371, the midcap and smallcap indices have surged by 13% each; the Sensex has gained 7% during the period.
DIIs have made net investments of about Rs 33,000 crore in equity market in the past four months since April, the stock exchange data shows.
