Home Market Stock market update: HDFC Bank, HDFC, L&T Infotech hit fresh 52-week high

Stock market update: HDFC Bank, HDFC, L&T Infotech hit fresh 52-week high

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As many as 29 stocks on the BSE hit their fresh 52-week high on Wednesday morning.

The list included stocks such as HDFC Bank, HDFC, HEG Ltd, Larsen & Toubro Infotech, Asian Paints, Envair Electro, Atlas Jewellery Ind, Dolat Invst, Shree Surgovind, Electrosteel, Danlaw Technologies, Deccan Bearings, Cigniti Tech, Astral Poly Tech, Pro Fin Capital Ser, Swaraj Automotives, Tiaan Ayurvedic & Herbs, Blue Circle Svc, Bajaj Finserv and Bhagiradha Chem.

On the other hand, Bharti Airtel, Kwality, Greenply, Videocon Industries, BSL Ltd, SP Apparels, Diana Tea, Binny Mills, Hilton Metal, MPL Plastics, Remi Edelstahl, Biopac India, Talwalkars Fitness, JBF Industries, Easun Reyrolle, Sri Adhikari, Hanung Toys, Global Offshore, Sarda Plywood, ARSS Infra, Fedders Electric, Moser Baer and Revathi Equip hit their new 52-week low.

Extending the rally of the previous trading session, the benchmark BSE Sensex jumped over 200 points to record a new high of 36,747.87 in early trade on Wednesday amid buying by domestic institutional investors and easing global crude oil prices.

The market rally was driven by strong buying on the oil & gas, banking, PSU and realty counters and strength in the rupee.

The 30-share BSE index spurted 227.91 points, or 0.62 per cent, to hit a new high of 36,747.87, surpassing its previous record of 36,740.07 recorded on July 13.

The NSE Nifty was trading 47.10 points up at 11,055.15 amid buying by domestic institutional investors and easing global crude oil prices.

On the Nifty 50 index, Ibull HousingFin, ONGC, Zee Entertainment, Eicher Motors, UltraTech Cement, HDFC Bank, HCL Tech, GAIL, Bajaj Auto, BPCL, Indian Oil Corp, HPCL, HDFC and Adani Ports SEZ were among top gainers.

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