NEW DELHI: As many as 24 stocks, including HDFC, ITC, Bajaj Finserv, Bata India, Bharat Financial Inclusion and Cigniti Technologies, hit 52-week highs on NSE on Friday.Indiabulls Ventures, LT Technology Services, Marico and Muthoot Capital Services also featured among the stocks that touched 52-week highs today.
Earnings optimism boosted equity benchmarks Nifty and Sensex to record highs on Friday as the August series of derivatives contract registered a stellar opening.Sensex touched 37,368.62 and Nifty scaled 11,283.40, setting their new all-time highs.Factors such as hopes around better-than-expected earnings, strengthening rupee, easing crude oil prices, firm global cues and sustained capital inflow came together to launch bourses into the higher orbit.The equity barometer Sensex settled 352 points, or 0.95 per cent, up at 37,337, with 21 stocks advancing and 10 stocks declining.
The Nifty finished at 11,278, up by 111 points or 0.99 per cent, with 35 stocks in the green and 15 in the red.ITC, Indian Oil Corporation, Tata Motors, Hindalco Industries, Titan Company and HPCL emerged as the top gainers in the Nifty index on Friday.