Tata Motors, India Cements among 77 stocks that hit fresh 52-week high on NSE today

By: | Published: August 18, 2016 4:53 PM

Britannia Industries, Bajaj Auto, Dewan Housing Finance Corporation, Jain Irrigation Systems, Tata Motors, UltraTech Cement were among the 77 stocks that hit their fresh 52-week high on NSE on Thursday.

Tata Motors, India Cements among 77 stocks that hit fresh 52-week high on NSE todayAmong other stocks that hit their fresh 52-week high on NSE were Tata Steel, Indian Bank, NHPC, India Cements and Ajanta Pharma. (Photo: Reuters)

Britannia Industries, Bajaj Auto, Dewan Housing Finance Corporation, Jain Irrigation Systems, Tata Motors, UltraTech Cement were among the 77 stocks that hit their fresh 52-week high on NSE on Thursday as stock markets snapped their two-day losing streak following buying in frontline blue chip stocks amid mixed global cues. The BSE Sensex ended 118.07 points up at 28,123.44, while Nifty 50 index closed 49.20 points up at 8,673.25. Market sentiments also got a boost after the latest US Fed policy meet minutes subsided possibility of rate hike in next month.

Jayant Manglik, President, Retail Distribution, Religare Securities Ltd said,” No doubt, it was a good session but consolidation is still on in Nifty and so is the struggle to cross 8,700 decisively. Traders shouldn’t go overboard now and maintain positive yet cautious stance. Also, they should keep a check on their leveraged positions as F&O expiry is just few days away. Amid all, market will continue to reward on stock specific front but the key is to select right stock and time it well so work around these factors.”

Among other stocks that hit their fresh 52-week high on NSE were Tata Steel, Indian Bank, NHPC, India Cements and Ajanta Pharma. However, Sanghvi Movers, Shrenuj & Company, Usher Agro, Raj Rayon and Birla Cotsyn were among the 21 stocks that hit their fresh 52-week low on NSE.

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