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Telecom, refinery and metal stocks push Nifty50 to 52-week high

Idea Cellular, GAIL, Tata Steel and BPCL have rallied more than 20% from September 7, 2016 levels.

Nifty 50 hits 52-week high led by telecom, refinery, metal shares
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SI Reporter Mumbai
The Nifty50 index hit its 52-week high of 8,980 on Thursday in intra-day trade thanks to gains in telecommunications, refineries and metal stocks. The index surpassed its previous high of 8,969 touched on September 7, 2016 during intra-day trade.

Meanwhile, the S&P BSE Sensex hit an intra-day high of 29,065. The index is 12 points away from its 52-week high of 29,077 touched on September 8, 2016.

Mutual funds have made net investments of Rs 38, 267 crore between September 8, 2016 and February 17, 2017, data available with the Securities and Exchange Board of India