D-Street celebrates; over 220 stocks hit 52 week high

Tracking the extremely strong sentiment in the equity markets that recorded lifetime highs, as many as 220 stocks hit one-year highs on the BSE today as the trend of general election results showed that BJP-led NDA was headed for a clear victory at the Centre.

Among prominent stocks that touched 52-week highs were: ACC, Adani Ports, Ambuja Cements, Axis Bank, BHEL, BPCL, Coal India, GMR Infra, HDFC, HDFC Bank, HPCL, ICICI Bank, Indian Oil Corp, IOB, ITC, JSW Steel, L&T, Maruti Suzuki, NHPC, ONGC, PNB, RIL, SBI, Tata Motors, Tata Power, Tata Steel.

The BSE 30-share blue-chip index Sensex that opened at 24,271.54 soon zoomed to touch its lifetime high of 25,375.63, recording a sharp gain of 1,470.03 points over its previous close.

Buying was seen across sectors with the BSE bankex index surging 6.68 per cent, becoming the top gainer among the 13 sectoral indices.

Among the 30-Sensex firms, Sesa Sterlite Ltd, ICICI Bank, SBI, Axis Bank, HDFC Bank and Bharti Airtel were the lead gainers.

The BJP-led NDA appears to be heading for a victory in the Lok Sabha elections with the trends in the counting of votes giving the saffron party leads in 257 seats on its own while its allies led in 39 seats.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • India must take the UN’s lead in recognising gay rights

    In what has by now become a matter of course, our judiciary again demonstrated that it is miles ahead of our government in terms of staying in tune wi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

Today's Columns

Urs Schoettli

Lee’s legacy will always guide Singapore

LEE Kuan Yew, the father of modern Singapore, died last ...

Rajgopal Nidamboor

Forget the past and embrace the present

It is all right to believe that one should always ...

Bubbles Sabharwal

Relationships and bitter realities

It’s a tangled web we spin The relationships we make, break ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture