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Market update: 91 stocks hit new 52-week high on NSE; PNB jumps over 3%, L&T top gainer

PNB jumped 3.85 percent after strong Q2 numbers while Yes Bank gained 2.11 percent. IndusInd Bank was up over 2 percent followed by Axis Bank were the other gainers.

November 03, 2017 / 12:45 PM IST

The Nifty as well as the Sensex managed to hold on to their respective morning gains with the Nifty adding 15.65 points at 10440 while the Sensex gained 55.52 points and was trading at 33628.

Bank Nifty was the outperformer in the afternoon trade led by PNB which jumped 3.85 percent after strong Q2 numbers while Yes Bank gained 2.11 percent. IndusInd Bank was up over 2 percent followed by Axis Bank were the other gainers.

The top Nifty gainers were ONGC which jumped 2.65 percent. IndusInd Bank, Yes Bank, Larsen & Toubro and Axis Bank were the other top gainers. The most active stocks were Bharti Airtel, Rain Industries, PNB, Infibeam and State Bank of India.

From the BSE, the top performers were Hathway Cable which zoomed close to 20 percent followed by Den Network which jumped over 9 percent. Biocon, Ujjivan Financial Services and Infibeam were the other top Sensex gainers in Friday afternoon trade.

As many as 91 stocks hit new 52-week high on the NSE including 8K Miles Software, Adani Ports, Bharat Forge, Bharti Airtel, Balkrishna Industries, Godrej Properties, Cipla, SAIL and United Breweries while on the BSE, 143 stocks hit fresh 52-week high.

The stocks which hit fresh 52-week high on the BSE included Page Industries, 3M India, Atul, Excel Crop Care, HEG, Symphony, India Motor Part and Power Mech Projects.

The market breadth was healthy in the Friday afternoon trade with 969 stocks advancing while 654 declined. On the BSE, 1464 stocks advanced while 1059 declined.

Global research firm CLSA has retained a buy on Vedanta and has raise the target to Rs 405 while Macquarie has maintained an outperform rating on the stock with target at Rs 372 per share.

Technical Analyst Ashwani Gujral of ashwanigujral.com has a buy on Godrej Properties with a stop loss of Rs 716, target of Rs 740 and a buy on SAIL with a stop loss of Rs 80 and target of Rs 92.

first published: Nov 3, 2017 12:45 pm

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