Nifty50 Closes 1.7% High on Dec 7; Stocks Hitting Fresh 52-Wk Highs

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Nifty50 Closes 1.7% High on Dec 7; Stocks Hitting Fresh 52-Wk Highs

By Malvika Gurung -- As a result of the RBI’s Monetary Policy Committee deciding to keep key rates unchanged, and maintain a status quo on the central bank’s accommodative stance, in extension to positive global cues due to investors shrugging off the Omicron variant’s virulent effect, the Indian benchmark indices continued to extend their rally for the second consecutive session.

Nifty50 closed Wednesday’s session at a 1.71% rise, while the 30-scrip BSE Sensex 30 ended 1.76%, by major gains from financial, IT, oil & gas, and FMCG stocks.

A total of 207 stocks listed on BSE hit fresh 52-week high values, while 76 NSE-listed stocks traded at 52-week highs on Wednesday.

Some of the stocks trading at 52-week highs on the BSE today included BMW Industries, Oricon Enterprises, Reliance Industrial Infrastructure (NS: REII ) Limited, and PTC Industries Ltd, among others.

On the NSE, some of the stocks hitting 52-week highs on Wednesday were Bajaj Holdings & Investment Limited (NS: BJAT ), BSE Limited, Tanla Platforms Limited, Oswal Agro Mills, and Arihant Superstructures, among others.

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