Today the domestic market equity benchmark Nifty opened on a flat note at 11,744.95 and trading around the level of 11,712.35 (2:46 PM IST). After continuous positive openings, Nifty finally opened flat. Despite many stocks touched new record high.
Among Nifty 50, the stocks that hit fresh 52-week high are Adani Enterprises, Axis Bank, Bata India, Godrej Consumer, Havells India, Indiabulls Integrated Services, Infibeam, JSW Steel, and many others.
The JSW Steel which is the leading alloy maker break its 52-week high level in the morning session after the announcement the stock will replace drug major Lupin from NSE benchmark index Nifty 50.
The stock has shown remarkable performance and has been gaining for the last four days and has risen 10.46 percent during the same period and 51.77 percent during the last year.
In a statement, the National Stock Exchange (NSE) said that “The Index Maintainance Sub-Committee (IMSC) has decided to make the following replacement of stocks in various indices as part of its periodic review. This will be effective from September 28, 2018”.