Today, the National Stock Exchange (NSE) NIFTY index opened on a positive note and rise in its morning trading hour. During this many stocks were able to hit a fresh 52-week high on today’s trade. Although there were other stocks which hit a fresh 52-week low.
There are new stocks like Page Industries, Tata Elxsi, V-Mart Retail, Zydus Wellness, and Sanofi India too joined the club of stocks that touched 52-week highs today. Due to positive global cues, the market was in the positive territory on buying in most sectors. On top of that, the fresh rise in the Indian rupee against the US dollar also influenced the market sentiment.
In the NIFTY index, Dr. Reddy’s Laboratories, Axis Bank, Vedanta, HPCL, and Tata Motors were among the top gainers however the TCS, Ultratech Cement, HDFC, and Grasim Industries were among the top losers in the NIFTY.