Banking shares, mainly of private lenders, along with Reliance Industries (RIL), have helped the benchmark S&P BSE Sensex reclaim the crucial 38,000 levels after six months.
The S&P BSE Sensex hit 38,146 on Friday in intra-day trade, its highest level since September 14, 2018, on back of strong buying by the foreign portfolio investors (FPIs).
With today’s gain, the benchmark index has rallied 7.8 per cent, or 2,752 points, from the 2019 low of 35,353 on February 19. FPIs have pumped in net amount of Rs 30,537 crore during the same period, Sebi data shows.
Reliance Industries, ICICI Bank, Axis Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finance, and Asian Paints were up 6 per cent to 20 per cent from their respective September 14, 2018 levels.
Allahabad Bank, Manappuram Finance, Muthoot Finance, Power Finance Corporation, Oriental Bank of Commerce and DCB Bank from the financial and Bata India, Titan Company, TTK Prestige, InterGlobe Aviation, PI Industries, Symphony, Divi’s Laboratories were among 27 stocks from the S&P BSE 500 index surging more than 20 per cent during the same period.
However, more than half, or 347 stocks, from the S&P BSE 500 index are still trading below their September 14 levels.
Reliance Communications (RCom), Reliance Power and Reliance Capital from the Anil Dhirubhai Ambani Group (ADAG) have tanked more than 60 per cent.
RCom hit a new low of Rs 4.37, plunging 73 per cent during the period. The lenders of RCom sold about 4.34 per cent stake of promoters in the telecom firm. With this sale of shares, promoters' stake in the company has come down to 37.57 per cent from earlier 41.91 per cent. The pledged shares belonged to promoters including that of Ambani, his family members and RCom group entities, according to a BSE filing.
Infibeam Avenues, Dewan Housing Finance Corporation (DHFL), Shankara Building Products, Indiabulls Ventures, Graphite India, HEG, Indiabulls Housing Finance, Dish TV India, Deepak Fertilisers and Chemicals and Rain Industries among 21 stocks from the S&P BSE 500 index were slipped more than 40 per cent from their September 14, 2018 levels.
| Company | 14/09/2018 | LTP | % chg |
| GAINERS | |||
| Adani Power | 31.00 | 50.70 | 63.5 |
| Interglobe Aviat | 886.65 | 1297.15 | 46.3 |
| Tube Investments | 299.45 | 420.55 | 40.4 |
| Allahabad Bank | 40.60 | 55.55 | 36.8 |
| Kalpataru Power | 330.30 | 446.75 | 35.3 |
| Manappuram Fin. | 88.30 | 119.30 | 35.1 |
| Inox Leisure | 233.50 | 313.80 | 34.4 |
| Kajaria Ceramics | 429.45 | 575.10 | 33.9 |
| Muthoot Finance | 454.95 | 605.25 | 33.0 |
| Bata India | 1040.00 | 1379.00 | 32.6 |
| Power Fin.Corpn. | 84.85 | 111.90 | 31.9 |
| P I Inds. | 766.20 | 1006.95 | 31.4 |
| Oriental Bank | 76.30 | 100.10 | 31.2 |
| Titan Company | 842.20 | 1094.85 | 30.0 |
| Divi's Lab. | 1329.55 | 1702.20 | 28.0 |
| TTK Prestige | 6863.80 | 8762.80 | 27.7 |
| Symphony | 1042.60 | 1318.35 | 26.4 |
| BEML Ltd | 766.35 | 967.95 | 26.3 |
| REC Ltd | 112.40 | 141.85 | 26.2 |
| Guj Fluorochem | 851.10 | 1072.40 | 26.0 |
| LOSERS | |||
| Infibeam Avenues | 234.95 | 45.20 | -80.8 |
| Dewan Hsg. Fin. | 615.10 | 131.20 | -78.7 |
| Rel. Comm. | 16.35 | 4.39 | -73.1 |
| Reliance Infra. | 451.05 | 123.10 | -72.7 |
| Reliance Power | 34.75 | 10.71 | -69.2 |
| Shankara Build. | 1201.95 | 442.00 | -63.2 |
| Indiabulls Vent. | 744.50 | 285.65 | -61.6 |
| Reliance Capital | 418.55 | 167.75 | -59.9 |
| Navkar Corporat. | 105.95 | 44.85 | -57.7 |
| Indiabulls Integ | 717.30 | 317.90 | -55.7 |
| Graphite India | 1001.60 | 461.40 | -53.9 |
| SPARC | 399.90 | 200.00 | -50.0 |
| Central Bank | 66.90 | 34.10 | -49.0 |
| HEG | 4073.05 | 2198.00 | -46.0 |
| Bombay Dyeing | 249.90 | 137.10 | -45.1 |
| Dish TV | 67.65 | 38.65 | -42.9 |
| Indiabulls Hous. | 1226.80 | 701.65 | -42.8 |
| Deepak Fert. | 236.65 | 136.90 | -42.2 |
| Rain Industries | 186.00 | 108.00 | -41.9 |
| Jindal Stain. | 67.60 | 39.30 | -41.9 |
| LTP : Last traded price on BSE in Rs at 02:03 PM | |||

)