Orient Paper & Industries, Sunteck Realty, RPG Life Sciences, Hindustan Composites, Jain Irrigation Systems, Rama Steel Tubes, PC Jeweller and Patel Engineering were among 67 stocks that hit fresh 52-week high on NSE on Thursday as stock markets closed with marginal gains following buying in selected blue chip companies in the fag end of the trading amid mixed global cues. The 30-share Sensex settled 40.66 points at 28,412.89, while NSE Nifty ended 15.95 points higher at 8,742.55. Investors remained cautious tracking mixed trend in the overseas markets ahead of the next week’s US Federal Reserve and Bank of Japan policy meets.
Jayant Manglik, President, Retail Distribution, Religare Securities Ltd said,”Nifty ended marginally higher in a dull session on Thursday, broadly showing indecision amid mixed cues. By and large, we are mirroring the global markets at present, which are also in reeling under pressure citing speculation on rate hike by the US Fed. Also, disappointment from the recent macro-economic data on local front further dented sentiments. However, mixed trend on sectoral front brought in some relief as it offered stock specific opportunities on both side of markets.”
Among other stocks that hit fresh 52-week hign were Rama Steel Tubes, Advanced Enzyme Technologies, Britannia Industries, Century Textiles & Industries, Energy Development Company, Gitanjali Gems, Orient Cement and Jubilant Life Sciences.
However, Commercial Engineers & Body Builders, Sanghvi Forging and Engineering, Parsvnath Developers, Larsen & Toubro Infotech and SEL Manufacturing Company were among 23 companies that hit their fresh 52-week low on NSE on Thursday.