Sensex and Nifty are trading little higher on Thursday after Wholesale inflation rose to a four-month high of 3.24% in August. Here are four heavyweight Nifty 50 stocks that hit an all-time high today despite dull market activity.
Sensex and Nifty are trading little higher on Thursday after Wholesale inflation rose to a four-month high of 3.24% in August as prices of food articles, led by onions and vegetables, soared. Inflation based on the wholesale price index (WPI) was 1.88 per cent in July 2017 and 1.09 per cent in August 2016. BSE Sensex gained 142 points to the day’s high of 32,328.61 points while NSE Nifty added 47 points to hit a day’s high of 10,126.5 points — which is very near to the all-time high of 10,137.85 points. The benchmark Sensex was trading 0.21% higher at 32,255.61 points while the broader Nifty was trading up 0.13% at 10,092.9 points. Here are four heavyweight Nifty 50 stocks that hit an all-time high today despite dull market activity.
Shares of Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries gained marginally to hit a fresh record high. The stock of RIL today rose 1.47% to Rs 861.5 on NSE. Reliance Industries is the only Indian stock with a market capitalisation of over Rs 5 lakh crore, as per Tuesday’s close of Rs 823.3 the market cap of RIL was at Rs 5,35,509.87. In just two days of trading, it has added more than Rs 15,000 crore in its market capitalisation to Rs 5,51,250.6 lakh crore.
Shares of the fifth-largest bank Yes Bank advanced over 1% to hit a fresh lifetime high today. The stock of Yes Bank rose as much as 1.47% to Rs 1,866 on NSE. The shares of FMCG giant Hindustan Unilever also gained 0.9% to hit a fresh all-time high of Rs 1,262.1 while Asian Paints rose 0.56% to Rs 1,262, respectively on NSE.
Meanwhile, BHEL shares were the top gainer among the blue-chip stocks as it inched up 10.2% to the day’s high of Rs 145.85 on NSE. The stock of Bharat Heavy Electronics Ltd was gaining after the announcement that it will be roped in to make rolling stock for Prime Minister Narendra Modi’s dream project to put India on the fast track: the bullet train, in collaboration with Japan. Narendra Modi and the visiting Japanese Premier Shinzo Abe on Thursday laid the foundation stone for the proposed Mumbai-Ahmedabad bullet train corridor, which will cost India about Rs 1,10,000 crore, and will take about five years to complete. Narendra Modi said on Thursday that most parts of the bullet train will be made in India itself.