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IT, Private Banks, RIL, HUL help Sensex to hit record high

SI Reporter/Mumbai 12 Jul 18 | 09:35 AM

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Shares of heavyweight companies from the information technology (IT) sector, private banks along with Reliance Industries (RIL) and Hindustan Unilever (HUL) have helped the S&P BSE Sensex hit a record high of 36,463 on Thursday. The benchmark index surpassed its previous high of 36,2443.98 recorded on January 29, 2018.

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Nifty 50 index, which touched high of 11,015.45 in intra-day trade today, is 1.4% away from its all-time high of 111,71.55 recorded in January this year.

Besides Tata Consultancy Services (TCS) and Infosys from the IT pack, a rally in Kotak Mahindra Bank, IndusInd Bank and HDFC Bank from private banking space, Asian Paints and Mahindra & Mahindra (M&M) are some of the stocks that helped the S&P BSE Sensex record a new high today.

While Kotak Mahindra Bank, M&M, TCS and HUL have rallied in the range of 21% to 26%, Asian Paints, IndusInd Bank and Infosys have moved up 11% to 19% from their January 29 levels. RIL and HDFC Bank gained 9% and 8%, respectively, during the period.

However, out of the 31 stocks that comprise the S&P BSE Sensex, over half (19 scrips) were trading well below their January 29 levels.

Vedanta, Tata Motors and Tata Motors DVR have tanked more than 30%, while Tata Steel, ICICI Bank and Oil and Natural Gas Corporation (ONGC) down between 23% and 25% on the BSE during this period.

Meanwhile, the S&P BSE Midcap (at 15,753 levels) and the S&P BSE Smallcap index (at 16,539 levels) are still14% and 18% away from their respective all-time highs. The midcap index hit record high of 18,321 on January 9, 2018, while the small cap index touched an all-time high of 20,183 on January 15, 2018 in intra-day trade on the BSE.

 Price on BSE in Rs CO_NAME29/01/2018LTP% chgKotak Mah. Bank1113.51398.225.6Hind. Unilever1397.31728.023.7TCS1597.61970.523.3M & M763.8925.921.2Asian Paints1154.51374.719.1Infosys1181.51319.511.7IndusInd Bank1740.81933.611.1Reliance Inds.963.81053.09.2HDFC Bank1999.62161.28.1Yes Bank357.6377.25.5ITC275.7276.40.3H D F C1953.31945.0-0.4Maruti Suzuki9634.59498.9-1.4Hero Motocorp3640.03555.7-2.3Sun Pharma.Inds.587.1565.0-3.8Bajaj Auto3362.13174.2-5.6Power Grid Corpn194.2182.8-5.9NTPC171.0153.6-10.2Larsen & Toubro1428.31278.1-10.5Axis Bank605.4540.6-10.7Coal India300.6267.1-11.1Wipro312.0272.3-12.7Adani Ports436.6372.6-14.7St Bk of India311.1262.6-15.6Bharti Airtel440.6363.4-17.5O N G C205.0158.1-22.9ICICI Bank357.3272.0-23.9Tata Steel745.8558.6-25.1Tata Motors-DVR226.1155.1-31.4Tata Motors399.3268.9-32.7Vedanta345.8218.4-36.9    LTP : Last traded price at 09:28 am    

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Company Price Gain (%)
St Bk of India259.252.98
Sun Pharma.Inds.548.802.97
Axis Bank538.052.86
ICICI Bank266.302.70
Tata Steel532.502.54


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