BSE Sensex and NSE Nifty 50 have been buying and selling greater than half a per cent up, every, on Thursday, on the day of weekly F&O expiry of contracts. BSE Sensex hit day’s excessive of 54,249.74, whereas NSE Nifty rose to a day’s excessive of 16,139.50 thus far within the day. On the S&P BSE Sensex, Mahindra & Mahindra (M&M) inventory hit a contemporary 52-week excessive of Rs 1,138.80 apiece, surpassing the earlier excessive of Rs 1,121 apiece.
Analysts say that after nearly 3-4 years of underperformance, auto sector shares together with M&M are rallying properly because the previous few weeks resulting from decrease uncooked materials prices as steel costs maintain falling & secure petroleum costs now in India. “Current levels should be used by investors to book profits in their buy positions. 980-990 levels should be used to re-enter fresh buy positions in the coming weeks,” Pavitraa Shetty, Co-founder & Trainer, Tips2Trades. While no inventory fell to new 52-week low on S&P BSE Sensex within the afternoon offers.
On BSE, a complete of 72 shares hit their respective 52-week highs in Thursday’s afternoon offers. These embrace ABB India, Aether Industries, Blue Dart Express, Esaar (India), Mahindra & Mahindra, PC Jeweller, Rolex Rings, Tamboli Capital, Tube Investments of India, Valiant Communications, Varun Beverages, and Voltamp Transformers, amongst different shares.
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On the flip aspect, 23 scrips fell to their respective 52-week low ranges on BSE Sensex. These have been 5paisa Capital, Andhra Cements, Parsvnath Developers, Citiport Financial Services, Cyient, Silver Oak Commercial, and Triveni Enterprises, amongst others.
On the National Stock Exchange, 26 shares rose to 52-week highs, whereas 14 fell to their respective 52-week lows within the afternoon offers. Stocks that hit new 52-week highs have been ABB India, Aether Industries, Chalet Hotels, Dangee Dums, ICICI Prudential Nifty 5 Yr Benchmark G-SEC ETF , Kernex Microsystems (India) Ltd, KPI Green Energy, Lumax Auto Technologies, Mahindra & Mahindra, Marathon Nextgen Realty, Motherson Sumi Wiring India, Nippon India Mutual Fund – ETF Nifty SDL – 2026 Maturity, and Varun Beverages, amongst others.
On the opposite, the shares that fell to their respective 52-week lows have been 5Paisa Capital, Ajanta Pharma, Electrotherm (India), Music Broadcast, Parsvnath Developers, and Future Consumer, amongst others.
Source: www.financialexpress.com”