RIL, Hindustan Unilever: Stocks that helped Sensex hit record high

HUL has seen a strong selling pressure above Rs 1,850 levels before breaking out after the government cut corporation tax.

The S&P BSE Sensex reached a record high of 40,483 on Monday, signalling upbeat investor sentiment. During the course, several stocks hit a fresh 52-week high, suggesting bulls could be gearing up for the next leg of rally. Among the S&P BSE Sensex constituents, most stocks have shown a positive trend. However, only a handful have played a significant role in lifting the index to record high.

Though Bajaj Finserv, Bajaj Finance, HDFC Bank, ICICI Bank, and Asian Paints did participate in this rally, but stocks such as Bajaj Auto, Bharat Petroleum Corporation (BPCL), Hindustan Unilever (HUL) and Reliance Industries