As many as 287 stocks, including ITC, Mahindra and Mahindra (M&M), NTPC, Bajaj Finserv, Bajaj Auto, JSW Steel, Nestle, Sun Pharma and UltraTech Cement, hit their fresh one-year highs in intraday trade on BSE on Friday, September 27, even as Indian stock market benchmarks, the Sensex and the Nifty 50, ended in the red on profit booking at record high levels.
Shares of Apollo Hospitals, BPCL, Britannia Industries, Colgate-Palmolive (India), Marico, Eicher Motors, Hindalco, Persistent Systems, Pidilite Industries, Shriram Finance, Sun Pharma, Tata Power and TVS Motor Company were also among those rising to their 52-week highs.
The domestic market remained lacklustre amid mixed global cues, with a focus on the US core personal consumption expenditures (PCE) price index data, due later today.
Concerns over an economic slowdown in the US ebbed after data showed the US gross domestic product (GDP) rose at an unrevised 3 per cent annualized rate last quarter.
(More to come)
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