Record-high stocks: In intraday trading on Monday, September 23, nearly 350 stocks—including Mahindra and Mahindra (M&M), Kotak Mahindra Bank, Hindustan Unilever (HUL), Bharti Airtel, Bajaj Finserv, and Sun Pharma—reached their new 52-week highs on the BSE amid widespread buying that drove benchmarks, the Sensex and the Nifty 50, to all-time highs.
Among the equities that reached their one-year highs were shares of Aadhar Housing Finance, Bajaj Auto, Hero MotoCorp, TVS Motor, Apollo Hospitals, Bajaj Holdings, Cholamandalam Investment and Finance, Divi’s Labs, Havells India, Naukri, Trent, and Zomato.
Despite conflicting global indications, the benchmarks for the Indian stock market, the Sensex and the Nifty 50, continued to rise for a third straight session. During the session, the Nifty 50 reached a new high of 25,956 while the Sensex reached a new record high of 84,980.53.
The Sensex finally closed 384 points, or 0.45 per cent, higher at 84,928.61, while the Nifty 50 ended 148 points, or 0.57 per cent, up at 25,939.05.The mid and smallcap indices on the BSE also saw significant gains, rising by 0.73 per cent each.
The across-the-board buying shot up the cumulative market capitalisation of the firms listed on the BSE to ₹476 lakh crore from nearly ₹472 lakh crore in the previous session, making investors richer by about ₹4 lakh crore in a single session