Tuesday, 20 June 2017

Sensex flat, but over 100 stocks hit 52-week high

After a strong rally seen in the previous trading session, the S&P BSE Sensex ended the session on a flat note. But there was plenty of action in individual stocks which rose up to 17 percent.

As much as 109 stocks rose to fresh 52-week highs on the BSE which include names like Disa India, Can Fin Homes, Balkrishna Industries, BEML, Bajaj Finance, UPL, Gulf Oil Lubricants, LIC Housing Finance, Godrej Industries, and GIC Housing Finance.

Stocks like Hilton Metal rose 17 percent, followed by B L Kashyap which rallied 12 percent, Bharat Bijlee rose 10 percent and Roto Pumps surged 10.4 percent on Tuesday.

The Nifty which made a bullish candle in the previous trading session held onto its crucial psychological support level of 9650. Although it rose in morning trade but has now pared gains.

As much as 70 stocks on the NSE touched its fresh 52-week highs which include names like UPL, GMR Infrastructure, L&T Infotech, Tata Investments, Astral Poly, Phillips Carbon, NIIT Technologies, Swelect Energy, and Indian Hume Pipe.

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