Amid the choppy and lifeless trade in the Indian stock markets on Thursday, there are a few of seven company’s stock that hit a 52-week high today. The mixed buying and selling in the shares of heavyweight firms capped the gains in the benchmark indices. The shares of 7 Blue chip companies hit a 52-week high today which includes Tata Steel, IndusInd Bank, Airtel, Indiabulls Housing Finance, Bajaj Finserv, JSW Steel, Hindustan Petroleum Corporation Ltd (HPCL).
The shares of Nifty 50 components include India’s biggest telecom company Bharti Airtel which rose 0.56% to the 52-week high of Rs 434.35; Tata Group’s steel arm Tata Steel gained 0.93% to the 52-week high of Rs 640.55 and one of the emerging private sector lender IndusInd Bank advanced 1.39% to Rs 1,684 and housing loan provider Indiabulls Housing Finance gained 1% to a 52-week high of Rs 1,234.2.
Other large-cap stocks that too hit the 52-week high are the oil explorer HPCL which rose 2.83% to Rs 470.9; Bharat Electronics Ltd rose 3.46% to Rs 189.4 and Bajaj Group financial arm Bajaj Finserv advanced 3.17% to Rs 5,521.
Indian stock markets closed flat on Thursday after opening up marginally higher as the gains in the heavyweight shares of Infosys and Sun Pharma were offset by the decline in other blue-chips such as Reliance Industries and HDFC twins. The shares of India’s second-largest information technology firm Infosys rose as much as 2.7% to Rs 918.8 on the news of Nandan Nilekani is likely to return to resolve the leadership crisis and begin a second innings at the Indian IT bellwether.
The benchmark Sensex which opened over 100 points today, traded weak through the day and closed up 0.09% at 31596.06 points while the broader Nifty 50 settled just 0.14% up at 9,866.1 points. Shares of the blue-chip companies Infosys, L&T, Sun Pharma and Tata Motors, Lupin and Cipla were the top contributors in uplifting the 30-share barometer Sensex while HDFC, HDFC Bank, Reliance Industries, ITC and Asian paints capped the gains. The sectoral indices of NSE were trading mixed with four out of eleven of them closed in red.