The Indian stock market is trading at a fresh record high with the Nifty 50 which is trading at 11,739.15 (1:39 PM IST) while the Sensex is trading at 38,879.57 (1:40 PM IST).
The Nifty Energy is up half a percent to 1 percent in the morning trade. However, after a bull run on yesterday, the PSU Bank index is down 1.5 percent dragged by Bank of Baroda, Bank of India, OBC, and Union Bank of India which are down over two percent. Apart from this, the Pharma and IT stocks are buzzing.
The stocks that hit a fresh 52-week high include Axis Bank, Bajaj Finance, Bata India, Berger Paints, Cipla, Gangotri Textiles, Indiabulls Ventures, Atul Ltd., and Accel Frontline among others.