INSUBCONTINENT EXCLUSIVE:
NEW DELHI: As many as 33 stocks, including Bata India, Dabur India, Exide Industries, Infosys and ITC, hit 52-week highs on NSE on
Tuesday.
GMM Pfaudler, Indiabulls Integrated Services, JSW Steel, LT Technology Services, NELCO, NIIT Technologies, Page Industries,
Persistent Systems, Pfizer, Transport Corporation of India, TCI Express, United Breweries and Vinati Organics also featured among stocks
that touched 52-week highs today.
On the other hand, 58 stocks, including Can Fin Homes, Tata Motors and Videocon Industries, defied
positive market sentiment on Tuesday, hitting 52-week lows on NSE.
Snapping the losses of two consecutive sessions, equity benchmarks Sensex
and Nifty closed higher on Tuesday owing to gains led by bank, energy, metal and FMCG stocks.
Buying was observed in most sectors today as
positive inflation numbers influenced the sentiment
The retail inflation fell to a 9-month low of 4.17 per cent in July on declining vegetable prices
After hitting a four-year high in June, the WPI inflation has ebbed a little to 5.09 per cent in the month of July, official data released
But, the unabating fall of Indian rupee remains an overhang
The local currency, in line with the currencies of other emerging markets, has been in a hole for some time now as it went past the 70-mark
for the first time ever on Tuesday
Sensex climbed 207 points, or 0.55 per cent, closing the day at 37,852, with 18 stocks advancing and 13 declining.
The Nifty50 settled 79
points, or 0.70 per cent, up at 11,435, with 30 stocks in the green and 20 in the red.
All sectors on NSE closed with gains
Nifty Pharma, with a gain of over 3 per cent, settled at the top.
Sun Pharmaceutical Industries, YES Bank, Lupin, Cipla, Bajaj Finance and
Ultratech Cement emerged as the top gainers in the Nifty index on Tuesday.
