21 stocks hit all-time high

With the market extending gains for the fourth straight session, 21 out of the 500 BSE firms hit a all-time high on Thursday. Since UK referendum outcome to exit European Union last Friday, 32 companies have hit all-time highs.

Oil marketing company BPCL (Bharat Petroleum Corporation Ltd) and adhesive maker Pidilite have both benefited from the fall in global crude oil prices in the past few days. Biocon has benefited from being a unique player among large pharmaceutical firms to escape scrutiny from the US Food and Drug Administration, said experts.

The uptick in demand for cement has boosted Grasim, while Indraprastha Gas has benefited from the forthcoming listing of Mahanagar Gas. "Two-thirds of corporate India have not seen a significant growth in their earnings," said G Chokkalingam, founder and managing director, Equinomics Research and Advisory.