INSUBCONTINENT EXCLUSIVE:
NEW DELHI: ONGC, Reliance Industries, Cipla, Bharti Infratel, Bajaj Finance and State Bank of India emerged as the top gainers in the Nifty
index on Wednesday.
On the other hand, Lupin, Maruti Suzuki India, HPCL, BPCL, Grasim Industries and Bajaj Auto stood as the top losers in
the Nifty index.
Frontline indices Sensex and Nifty rose to yet another highs on Wednesday, buoyed by sustained gains in heavyweights,
including Reliance Industries, ICICI Bank, State Bank of India and Hindustan Unilever, while positive global cues set the momentum
Investors embarked on buying after Tuesday's subdued show, following a rally in global stocks in the wake of strong US earnings, plus
hope that China will take additional steps to boost its economy in an attempt to mitigate the impact of the trade war with the US.
Market
registered a positive opening today but traded flat for quite some time in the first half of today's trade.
However, a fresh spell of
buying in most sectors, led by banks, energy and consumer durables made Sensex scale new record closing of 37,888, up by 222 points, or 0.59
per cent.
The NSE counterpart Nifty added 61 points, or 0.53 per cent, finishing the day at 11,450.
In the Nifty index, 34 stocks settled in
the green and 16 in the red.
Among the sectors, barring Nifty Auto, IT, pharma and realty, all closed the day with gains.
As many as 32
stocks hit 52-week highs, compared with 20 stocks that touched 52-week lows on NSE.
