Stock market today: On Wednesday, 109 stocks hit their 52-week high, including Authum Investment & Infrastructure Ltd, Apollo Hospitals Enterprise Ltd, Fortis Healthcare Ltd, HBL Engineering Ltd, Indian Bank, JM Financial Ltd, Nuvoco Vistas Corporation Ltd, One 97 Communications Ltd (Paytm), Star Cement Ltd, and TVS Motor Company Ltd.
In contrast, 104 stocks touched 52-week lows, with notable mentions like Bata India Ltd, Colgate Palmolive (India) Ltd, HFCL Ltd, Poly Medicure Ltd, Praj Industries Ltd, and Tejas Networks Ltd.
Today, Indian stock markets exhibited a strong upward trend, with the BSE Sensex rising by 304 points (0.38%) to close at 80,539 and the NSE Nifty 50 gaining 131 points (0.54%) to finish at 24,619.
A broad-based rally was observed across various sectors, particularly in pharmaceuticals, automobiles, and metals, which were at the forefront of the gains. The Nifty Pharma index spiked by nearly 1.73%, while the metal sector increased by 1.26%, and the auto sector advanced by 1.12%. Apollo Hospitals stood out as the top gainer, soaring 8.19% after announcing a 41.8% rise in its consolidated net profit for Q1. Hindalco increased by 5.15%, and Hero MotoCorp, Cipla, and Dr. Reddy’s Labs also recorded notable gains.
