The S&P BSE Sensex was ended higher by 1% or 259 points to close at 27,000 on Thursday. The index gained 2.2% or 602 points from 26,398 since Monday, as the government stepped up measures to bolster growth and worries over the impact of the Britain's decision to leave the European Union known as Brexit receded.
Total 33 stocks from BSE ‘A’ group hit their respective 52-week highs in intra-day trade. The list includes ITC, Grasim Industries, Hero MotoCorp, ACC, Biocon, Bharat Petroleum Corporation, NTPC, Aditya Birla Nuvo and Petronet LNG.
The union cabinet on Wednesday accepted the 7th Pay Commission (7CPC) recommendations without any significant changes. The government would be spending Rs 84,900 crore including arrears on pay and pensions.
“This will be positive for urban consumption and will push up demand for consumer durables. Additionally, with a normal to above normal monsoon and a consequent higher crop output, India could also see rural consumption getting some boost. This will likely be the second consumption driver for the economy over FY2017-18E,” Kotak Institutional Equity Research said in a note.
According to Angel Broking, the CPC along with favorable monsoon is expected to boost rural incomes thus likely resulting in good times for consumption based players.
Indian Bank, State Bank of Bikaner & Jaipur, Punjab National Bank, Dena Bank, Allahabad Bank, State Bank of Travancore and Oriental Bank of Commerce has rallied more than 30% each.
The Reserve Bank of India (RBI) earlier this month, relaxed guidelines for restructuring of large stressed assets by lenders in a move that would allow the banks to more effectively manage bad loans on their books.
Birla Corporation, Dalmia Bharat, Deccan Cements, Sagar Cements, India Cements, Kesoram Industries, HeidelbergCement India and Prism Cement from the cement sector rallied up to 35% in June, owing to the monsoon’s onset and the government’s focus on infrastructure development.
| Name | 31/05/2016 | 30/06/2016 | % chg |
| SHRENUJ & CO | 2.46 | 5.70 | 131.71 |
| KIRI INDUSTRIES | 199.20 | 382.00 | 91.77 |
| SETCO AUTOMOTIVE | 31.25 | 52.85 | 69.12 |
| SHILPI CABLE TECHNOLOGIES | 104.60 | 175.55 | 67.83 |
| A2Z INFRA ENGINEERING | 24.90 | 41.05 | 64.86 |
| UNITECH | 3.90 | 6.41 | 64.36 |
| ALPHAGEO (INDIA) | 482.35 | 791.80 | 64.15 |
| JAIPRAKASH ASSOCIATES | 5.54 | 8.87 | 60.11 |
| JAYPEE INFRATECH | 5.58 | 8.88 | 59.14 |
| ASAHI SONGWON COLORS | 147.80 | 234.35 | 58.56 |
| GAMMON INDIA | 10.86 | 16.83 | 54.97 |
| INDIAN BANK | 91.40 | 141.15 | 54.43 |
| TATA METALIKS | 235.45 | 363.50 | 54.39 |
| ASTEC LIFESCIENCES | 240.80 | 367.50 | 52.62 |
| STATE BANK OF MYSORE | 451.65 | 684.50 | 51.56 |
| SUDARSHAN CHEMICAL INDS | 133.05 | 199.70 | 50.09 |
| MAX FINANCIAL SERVICES | 356.45 | 533.50 | 49.67 |
| SUPREME INFRASTRUCTURE INDIA | 75.30 | 112.60 | 49.54 |
| PRICOL | 54.70 | 81.65 | 49.27 |
| LUMAX INDUSTRIES | 494.30 | 709.35 | 43.51 |
| OPTO CIRCUITS INDIA | 8.85 | 12.32 | 39.21 |
| STATE BANK OF BIKANER | 473.45 | 658.35 | 39.05 |
| SNOWMAN LOGISTICS | 58.55 | 80.80 | 38.00 |
| PHILLIPS CARBON BLACK | 118.05 | 162.15 | 37.36 |
| TRIVENI ENGINEERING & INDUS | 47.25 | 64.75 | 37.04 |
| DENA BANK | 28.80 | 39.35 | 36.63 |
| MAXWELL INDUSTRIES | 49.35 | 67.00 | 35.76 |
| BIRLA CORP | 416.90 | 563.90 | 35.26 |
| ABG SHIPYARD | 24.45 | 32.85 | 34.36 |
| PUNJAB NATIONAL BANK | 79.10 | 105.80 | 33.75 |
| STATE BANK OF TRAVANCORE | 381.75 | 509.85 | 33.56 |
| DALMIA BHARAT | 902.40 | 1197.45 | 32.70 |
| DHAMPUR SUGAR MILLS | 91.45 | 121.35 | 32.70 |
| NAVA BHARAT VENTURES | 180.95 | 239.40 | 32.30 |
| 3I INFOTECH | 3.85 | 5.09 | 32.21 |
| OJAS ASST RECONSTRUCTION | 10.82 | 14.30 | 32.16 |
| JINDAL SAW | 40.45 | 53.30 | 31.77 |
| REPRO INDIA | 362.00 | 474.80 | 31.16 |
| MERCATOR | 27.55 | 36.10 | 31.03 |
| GATI | 131.70 | 172.00 | 30.60 |
| CENTRAL BANK OF INDIA | 82.10 | 107.20 | 30.57 |
| SUBEX | 9.32 | 12.15 | 30.36 |
| GOKALDAS EXPORTS | 86.15 | 111.90 | 29.89 |
| ALLAHABAD BANK | 53.20 | 69.10 | 29.89 |
| SRS REAL INFRASTRUCTURE | 7.92 | 10.26 | 29.55 |
| JAIPRAKASH POWER VENTURES | 3.86 | 4.97 | 28.76 |
| MANAPPURAM FINANCE | 53.70 | 68.95 | 28.40 |
| GTL INFRASTRUCTURE | 1.81 | 2.32 | 28.18 |
| NITIN SPINNERS | 62.70 | 80.00 | 27.59 |
| ORIENTAL BANK OF COMMERCE | 84.70 | 108.05 | 27.57 |
| SHREYAS SHIPPING & LOGISTICS | 329.95 | 420.25 | 27.37 |
| BAJAJ FINSERV | 1823.80 | 2318.95 | 27.15 |
| DECCAN GOLD MINES | 38.25 | 48.60 | 27.06 |
| MMTC | 35.35 | 44.80 | 26.73 |
| BODAL CHEMICALS | 83.40 | 105.65 | 26.68 |
| I.G. PETROCHEMICALS | 127.85 | 161.55 | 26.36 |
| EPC INDUSTRIE | 146.35 | 184.85 | 26.31 |
| BINANI INDUSTRIES | 66.10 | 83.35 | 26.10 |
| JSW HOLDINGS | 1021.95 | 1286.15 | 25.85 |
| MUTHOOT FINANCE | 232.35 | 292.35 | 25.82 |
| KESAR TERMINALS | 409.55 | 514.85 | 25.71 |
| ESCORTS | 175.20 | 219.40 | 25.23 |
| KDDL | 165.35 | 207.00 | 25.19 |
| SUPRAJIT ENGINEERING | 160.80 | 199.90 | 24.32 |
| APTECH | 64.10 | 79.40 | 23.87 |
| ADI FINECHEM | 284.15 | 351.40 | 23.67 |
| SREI INFRASTRUCTURE FINANCE | 58.10 | 71.85 | 23.67 |
| GVK POWER & INFRASTRUCTURE | 4.71 | 5.82 | 23.57 |
| PHOENIX LAMPS | 113.70 | 140.20 | 23.31 |
| INDIABULLS VENTURES | 19.65 | 24.20 | 23.16 |
| INDOSOLAR | 7.40 | 9.10 | 22.97 |
| VENUS REMEDIES | 66.40 | 81.65 | 22.97 |
| MANGALAM CEMENT | 251.80 | 309.45 | 22.90 |
| VIJAYA BANK | 30.55 | 37.50 | 22.75 |
| SOMANY CERAMICS | 472.05 | 579.05 | 22.67 |
| STATE TRADING CORP OF INDIA | 86.45 | 105.85 | 22.44 |
| RICO AUTO INDUSTRIES | 34.35 | 42.05 | 22.42 |
| UCO BANK | 35.15 | 43.00 | 22.33 |
| MAN INFRACONSTRUCTION | 36.55 | 44.70 | 22.30 |
| VIKAS ECOTECH | 11.15 | 13.63 | 22.24 |
| ANANT RAJ | 39.80 | 48.65 | 22.24 |
| LINC PEN & PLASTICS | 200.85 | 244.90 | 21.93 |
| UFLEX | 188.60 | 229.95 | 21.92 |
| USHA MARTIN | 12.37 | 15.08 | 21.91 |
| GUJARAT NRE COKE | 2.53 | 3.08 | 21.74 |
| VEDANTA | 108.30 | 131.80 | 21.70 |
| ZEN TECHNOLOGIES | 68.40 | 83.20 | 21.64 |
| UTTAM GALVA STEELS | 27.20 | 33.05 | 21.51 |
| DHANLAXMI BANK | 19.30 | 23.45 | 21.50 |
| ADANI TRANSMISSION | 31.80 | 38.55 | 21.23 |
| THOMAS COOK (INDIA) | 177.80 | 215.50 | 21.20 |
| VIKAS WSP | 5.31 | 6.43 | 21.09 |
| CENTURY PLYBOARDS INDIA | 162.25 | 196.40 | 21.05 |
| ZEE MEDIA CORPORATION | 21.55 | 26.05 | 20.88 |
| SHANTHI GEARS | 100.00 | 120.85 | 20.85 |
| PUNJAB CHEMICALS | 169.45 | 204.70 | 20.80 |
| TATA COFFEE | 87.75 | 105.80 | 20.57 |
| SHREE RENUKA SUGARS | 14.16 | 17.07 | 20.55 |
| MANALI PETROCHEMICALS | 27.75 | 33.45 | 20.54 |
| INDIA GLYCOLS | 79.80 | 96.10 | 20.43 |
| MAGMA FINCORP | 90.45 | 108.85 | 20.34 |
| SUTLEJ TEXTILES | 569.85 | 685.40 | 20.28 |
| KESORAM INDUSTRIES | 111.00 | 133.35 | 20.14 |
| PRISM CEMENT | 90.90 | 109.20 | 20.13 |
| PUNJAB & SIND BANK | 40.10 | 48.15 | 20.07 |
| NATCO PHARMA | 481.25 | 577.35 | 19.97 |
| SICAL LOGISTICS | 131.05 | 157.15 | 19.92 |
| PANACEA BIOTEC | 104.25 | 125.00 | 19.90 |
| INDIA CEMENTS | 94.25 | 113.00 | 19.89 |
| JAMMU & KASHMIR BANK | 57.50 | 68.85 | 19.74 |
| MOSER BAER INDIA | 8.02 | 9.60 | 19.70 |
| ARSHIYA | 20.85 | 24.95 | 19.66 |
| INOX LEISURE | 201.50 | 241.10 | 19.65 |
| ASIAN GRANITO INDIA | 161.65 | 193.00 | 19.39 |
| SURANA SOLAR | 20.65 | 24.65 | 19.37 |
| MAHANAGAR TELEPHONE NIGAM | 18.70 | 22.30 | 19.25 |
| MULTIBASE INDIA | 226.15 | 269.60 | 19.21 |
| SHARON BIO-MEDICINE | 10.52 | 12.54 | 19.20 |
| GUJARAT MINERAL DEV CORP | 66.20 | 78.90 | 19.18 |
| CASTEX TECHNOLOGIES | 5.91 | 7.04 | 19.12 |
| ALOK INDUSTRIES | 3.68 | 4.38 | 19.02 |
| GREENPLY INDUSTRIES | 213.10 | 253.60 | 19.01 |
| ORIENTAL CARBON & CHEMICALS | 478.00 | 568.45 | 18.92 |
| STEEL STRIPS WHEELS | 384.65 | 456.95 | 18.80 |
| JAYSHREE TEA & INDUSTRIES | 78.65 | 93.40 | 18.75 |
| GMR INFRASTRUCTURE | 11.26 | 13.37 | 18.74 |
| ADANI ENTERPRISES | 72.90 | 86.55 | 18.72 |
| JAMNA AUTO INDUSTRIES | 146.70 | 174.10 | 18.68 |
| MANGALORE CHEMICALS & FERT | 46.00 | 54.55 | 18.59 |
| ALKYL AMINES CHEMICALS | 307.85 | 365.05 | 18.58 |
| TINPLATE CO OF INDIA | 69.45 | 82.15 | 18.29 |
| ACTION CONSTRUCTION | 40.00 | 47.30 | 18.25 |
| AKSH OPTIFIBRE | 14.20 | 16.79 | 18.24 |
| LINDE INDIA | 278.60 | 328.10 | 17.77 |
| SUN PHARMA ADVANCED RESEARCH | 283.10 | 333.15 | 17.68 |
| SUNDRAM FASTENERS | 157.75 | 185.55 | 17.62 |
| HIKAL | 145.30 | 170.90 | 17.62 |
| JSW ENERGY | 71.25 | 83.80 | 17.61 |
| SML ISUZU | 987.00 | 1160.30 | 17.56 |
| TOURISM FINANCE CORP INDIA | 35.95 | 42.25 | 17.52 |
| CERA SANITARYWARE | 2021.30 | 2375.45 | 17.52 |
| HINDUSTAN COPPER | 45.45 | 53.25 | 17.16 |
| BANCO PRODUCTS (INDIA) | 131.10 | 153.25 | 16.90 |
| BANK OF INDIA | 86.50 | 101.10 | 16.88 |
| FIEM INDUSTRIES | 824.95 | 964.10 | 16.87 |
| VINATI ORGANICS | 466.00 | 544.35 | 16.81 |
| HINDALCO INDUSTRIES | 105.15 | 122.75 | 16.74 |
| FIRSTSOURCE SOLUTIONS | 39.75 | 46.40 | 16.73 |
| RAMKRISHNA FORGINGS | 380.95 | 444.05 | 16.56 |
| SALZER ELECTRONICS | 193.45 | 225.45 | 16.54 |
| SARDA ENERGY & MINERALS | 108.65 | 126.60 | 16.52 |
| BALRAMPUR CHINI MILLS | 108.25 | 126.10 | 16.49 |
| ADITYA BIRLA NUVO | 1048.35 | 1219.90 | 16.36 |
| HESTER BIOSCIENCES | 633.45 | 736.75 | 16.31 |
| HEIDELBERGCEMENT INDIA | 101.75 | 118.20 | 16.17 |
| KITEX GARMENTS | 453.90 | 527.20 | 16.15 |
| TRF | 294.15 | 341.30 | 16.03 |
| SONATA SOFTWARE | 143.00 | 165.80 | 15.94 |
| TAJ GVK HOTELS & RESORTS | 95.65 | 110.90 | 15.94 |
| RAJ TELEVISION NETWORK | 58.65 | 68.00 | 15.94 |
| POLYPLEX CORPORATION | 250.10 | 289.90 | 15.91 |
| DELTA CORP | 82.80 | 95.95 | 15.88 |
| UJAAS ENERGY | 22.30 | 25.80 | 15.70 |
| MONSANTO INDIA | 2239.20 | 2589.70 | 15.65 |
| BANK OF MAHARASHTRA | 28.15 | 32.55 | 15.63 |
| DLF | 129.85 | 150.00 | 15.52 |
| SWAN ENERGY | 58.35 | 67.40 | 15.51 |
| JAIN IRRIGATION SYSTEMS | 64.55 | 74.55 | 15.49 |
| KABRA EXTRUSIONS TECHNIK | 94.65 | 109.25 | 15.43 |
| COROMANDEL INTERNATIONAL | 230.65 | 266.15 | 15.39 |
| ANSAL PROPERTIES & INFRASTRU | 18.95 | 21.85 | 15.30 |
| APCOTEX INDUSTRIES | 327.60 | 377.30 | 15.17 |
| PVR | 878.05 | 1011.05 | 15.15 |
| VRL LOGISTICS | 276.50 | 318.15 | 15.06 |
| Price on BSE in Rs; Source: Bloomberg | |||
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