Bulls in-charge: Over 50% stocks from Nifty500 trade above major support

Stocks like Asian Paints, Astral, Balrampur Chini, Birlasoft, Carborundum Universal, eClerx, Infosys, Max Healthcare, Tube Investments and Torrent Pharma and others are trading at life-time highs

While the benchmark index, Nifty 50 is still far from the peak of 18,604 levels, major stocks in Nifty 500 are reflecting an overwhelming responce to the recent reversal. In the last two months of 2021, volatility was highest and several stocks were on the course to lose the bullish ground.

Now, as the index is up 8 per cent from the recent low of 16,410 levels, various stocks have hit new all-time highs with key indicators showing unanticipated momentum.

Stocks making new all-time highs include Anupam Rasayan India Ltd, Asian Paints Ltd, Astral Ltd, Balrampur Chini Mills