All time high! Mangalam Drugs, Rajesh Exports hit 52-week high

The broader market out-performed the key benchmark indices today. The CNX Midcap index advanced 0.5 percent to 12,705, and the Smallcap index ended flat at 5,472.

Apr 30, 2015 05:04 IST India Infoline News Service

Market Going Up
A total of 11 stocks touched a fresh 52-week high on NSE today. Prominent among these were — Kewal Kiran Clothing, K.P.R. Mill, Lakshmi Finance, Mangalam Drugs, Rajesh Exports, UPL, Veto Switchgears, Welspun Enterprises, Welspun Projects and Welspun India.

On Thursday, the BSE benchmark index, the Sensex, opened 17-odd points higher at 27,242, but soon tanked into red owing to selling pressure in select index heavyweights - like HDFC and telecom majors post Q4 earnings. The BSE index today breached the 27,000-level, and dropped to a low of 26,898. Select buying at lower levels helped the index erase some losses at close. The Sensex finally ended with a loss of 215 points at 27,011.

The NSE Nifty touched a high of 8,229 in opening trade, and thereafter dipped to a low of 8,145 in mid-noon deals. The Nifty eventually settled with a loss of 58 points at 8,182.

In the process, the NSE index ended the week with a loss of 1.5 percent (132 points) and was down 3.6 percent (309 points) on a monthly basis. The index has shed as much as 8 percent (720 points) in the last two months.

The India VIX (Volatility) index was almost unchanged at 17.23.

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