28 stocks listed on NSE (National Stock Exchange) hit their 52-week high on Tuesday. These include big players like Reliance Industries, ICICI Bank, Axis Bank, Titan and UPL that form part of NSE's benchmark index Nifty 50.
With an increase in foreign investment inflows into the equity markets, the two main benchmark indices have been rallying at the start of this week, pushing the stocks that form a part of the index higher. Sensex gained 391.51 points to 37,445.61 while Nifty 50 was up by 114.20 points to climb to 11,282.20 this afternoon.
Shares of RIL rose by almost 2 percent to Rs 1,330 apiece, ICICI Bank climbed close to 3 percent to Rs 388.40 a piece and Axis Bank shares were up by over 1 percent to Rs 729 apiece. Additionally, the share price of Titan Company Ltd increased by nearly 2 percent to Rs 1,095.95 apiece and the UPL stock rose to Rs 906.90 apiece.
Among the others that hit their 52-week high on NSE were Bajaj Holdings & Investment Ltd, Aditya Birla Fashion and Retail Limited, Arvind Fashions Ltd, Bata India, Havells India, Karnataka Bank, Muthoot Finance and Info Edge (India).