10 Sensex stocks hit 52-week highs today; check details
Out of the total 30, as many as 10 Sensex stocks – Axis Bank, HCL Tech, IndusInd Bank, Larsen & Toubro, Mahindra and Mahindra, Maruti Suzuki India, NTPC, Power Grid, Tata Motors and Titan – hit their fresh 52-week highs in intraday trade on Friday (June 30).
Strong bullish momentum engulfed the domestic market as buying was seen across sectors, pushing nearly 200 stocks to their fresh 52-week high levels on BSE.
Mahindra and Mahindra, Infosys, IndusInd Bank, Sun Pharma and TCS ended as the top gainers in the Sensex index while only two stocks – ICICI Bank (down 0.33 per cent) and NTPC (down 0.11 per cent) – ended in the red in the index.
The Sensex jumped 853 points in intraday trade to hit its fresh all-time high of 64,768.58 but closed 803 points, or 1.26 per cent, higher at 64,718.56. The Nifty50 also hit its fresh record high of 19,201.70 in intraday trade but closed the day at 19,189.05, up 217 points, or 1.14 per cent.
The BSE Midcap index also hit its fresh all-time high of 28,791.86 in intraday trade before ending 0.67 per cent higher at 28,776.20. The BSE Smallcap index ended with a decent gain of 0.51 per cent at 32,602.14.
The overall market capitalisation of firms listed on the BSE rose to the record level of ₹296.5 lakh crore from ₹294.1 lakh crore in the previous session, making investors richer by ₹2.4 lakh crore in a single session.
Nifty Bank index hit a fresh all-time high of 44,787.10 in intraday trade before ending 0.95 per cent higher at 44,747.35.
The market today finished the first half of the calendar year. Year-to-date, the Sensex is up 6.4 per cent while the Nifty is up 6 per cent. Mid and smallcaps have outperformed the benchmarks significantly. The BSE Midcap index is up 13.7 per cent year-to-date while the BSE Smallcap index is up 12.7 per cent.
Read more: Sensex, Nifty settle at record closing highs; investors richer by over ₹2 lakh crore in a day
“Participants are taking comfort from stability in global markets amid mixed cues and we expect the prevailing tone to continue. We are now eyeing the 19,350+ zone in Nifty. Since all sectors are now contributing to the move, the focus should be on stock selection and the same holds for the midcap and smallcap pack as well,” said Ajit Mishra, SVP – Technical Research, Religare Broking.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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Updated: 30 Jun 2023, 04:58 PM IST
