Indian Markets at All-Time Highs; Amara Raja, CoForge, Cummins, Kalyan Jewellers and Force Motors at 52-week highs
Indian markets are having a dream run with BSE Sensex up by 700 points and NSE Nifty up by 200 points. As the global sentiment has turned positive, Indian stocks are witnessed sustained buying. The current rally has spread to mid-cap and small-cap stocks as well. NSE Nifty and BSE Sensex at currently at their all-time highs.
Among the best performing stocks on NSE today were Mahindra & Mahindra, IndusInd Bank, Infosys Technologies, Bajaj Auto, Hero MotoCorp, Maruti Suzuki, Sun Pharma, TCS and Tech Mahindra. Among banking and finance stocks, HDFC, HDFC Bank, Bajaj Finance and IndusInd Bank were trading firm while ICICI Bank was trading half percent lower.
Stocks that touched fresh 52-week high in today’s session were Amara Raja Batteries, Anant Raj, Bombay Dyeing, CoForge, Force Motors, Cummins India Limited, Godrej Consumer Products, Godrej Industries, HCL Technologies, Interglobe Aviation, Kalyan Jewelers, Larsen & Toubro, L&T Finance, Polycab India, Rane Brake, Tata Motors and Titan Company.
Among worst performing stocks in today’s session were Adani Ports, Apollo Hospitals, Grasim, Divis Labs and Bharti Airtel.
Markets are expected to close positive and this will be a spectacular week for the markets in terms of positive moves. Many market participants are also expecting a correction but in the current situation, majority of players have turned bullish. US and European markets have given positive signals.