Market Now: Apollo Tyres, IndiGo, Nestle hit fresh 52-week highs
Among the 31 stocks in the Sensex kitty, 13 were advancing, while 18 were declining in trade.
By ETMarkets.com | Updated:
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NEW DELHI: Stocks such as Apollo Tyres, Avenue Supermarts, InterGlobe Aviation (IndiGo) and Nestle India have gone on to hit their fresh 52-week highs on BSE on Friday even as equity markets remained lacklustre, mainly because of profit-booking.
Stocks such as Birla Cable, Bharat Parenterals, H.G. Infra Engineering, Indiabulls Ventures, Jubilant Foodworks, LKP Finance, Mphasis, Orient Press, Pidilite Industries and SRF too joined the bandwagon of stocks that defied bearish market stance to hit 52-week highs.
Domestic equity benchmarks were appearing dull after Thursday's rally with benchmark Sensex rising 577 points after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.
Selling by participants, mostly of a profit-booking nature, attributed the fall in select counters. Major European markets too were reflecting bearish temperament.
The NSE Nifty index was trading 8 points down at 10,317, while the BSE Sensex was down 6 points at 33,591 around 01:25 pm (IST).
Among the 31 stocks in the Sensex kitty, 13 were advancing, while 18 were declining in trade.
Sun Pharma, HDFC Bank and ITC climbed up to 1 per cent in the Sensex index. On the other hand, Bharti Airtel and Infosys declined up to 2 per cent.
Stocks such as Birla Cable, Bharat Parenterals, H.G. Infra Engineering, Indiabulls Ventures, Jubilant Foodworks, LKP Finance, Mphasis, Orient Press, Pidilite Industries and SRF too joined the bandwagon of stocks that defied bearish market stance to hit 52-week highs.
Domestic equity benchmarks were appearing dull after Thursday's rally with benchmark Sensex rising 577 points after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.
Selling by participants, mostly of a profit-booking nature, attributed the fall in select counters. Major European markets too were reflecting bearish temperament.
The NSE Nifty index was trading 8 points down at 10,317, while the BSE Sensex was down 6 points at 33,591 around 01:25 pm (IST).
Among the 31 stocks in the Sensex kitty, 13 were advancing, while 18 were declining in trade.
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Sun Pharma, HDFC Bank and ITC climbed up to 1 per cent in the Sensex index. On the other hand, Bharti Airtel and Infosys declined up to 2 per cent.
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