Shares of heavyweight companies from the information technology (IT) sector, private banks along with Reliance Industries (RIL) and Hindustan Unilever (HUL) have helped the S&P BSE Sensex hit a record high of 36,463 on Thursday. The benchmark index surpassed its previous high of 36,2443.98 recorded on January 29, 2018.
Nifty 50 index, which touched high of 11,015.45 in intra-day trade today, is 1.4% away from its all-time high of 111,71.55 recorded in January this year.
Besides Tata Consultancy Services (TCS) and Infosys from the IT pack, a rally in Kotak Mahindra Bank, IndusInd Bank and HDFC Bank from private banking space, Asian Paints and Mahindra & Mahindra (M&M) are some of the stocks that helped the S&P BSE Sensex record a new high today.
While Kotak Mahindra Bank, M&M, TCS and HUL have rallied in the range of 21% to 26%, Asian Paints, IndusInd Bank and Infosys have moved up 11% to 19% from their January 29 levels. RIL and HDFC Bank gained 9% and 8%, respectively, during the period.
However, out of the 31 stocks that comprise the S&P BSE Sensex, over half (19 scrips) were trading well below their January 29 levels.
Vedanta, Tata Motors and Tata Motors DVR have tanked more than 30%, while Tata Steel, ICICI Bank and Oil and Natural Gas Corporation (ONGC) down between 23% and 25% on the BSE during this period.
Meanwhile, the S&P BSE Midcap (at 15,753 levels) and the S&P BSE Smallcap index (at 16,539 levels) are still14% and 18% away from their respective all-time highs. The midcap index hit record high of 18,321 on January 9, 2018, while the small cap index touched an all-time high of 20,183 on January 15, 2018 in intra-day trade on the BSE.
|Price on BSE in Rs|
|Kotak Mah. Bank||1113.5||1398.2||25.6|
|M & M||763.8||925.9||21.2|
|H D F C||1953.3||1945.0||-0.4|
|Power Grid Corpn||194.2||182.8||-5.9|
|Larsen & Toubro||1428.3||1278.1||-10.5|
|St Bk of India||311.1||262.6||-15.6|
|O N G C||205.0||158.1||-22.9|
|LTP : Last traded price at 09:28 am|