Market Check: Benchmark indices continued to consolidate as investors looked for fresh triggers.
The 30-share BSE Sensex was up 13.25 points at 31,675.99 and the 50-share NSE Nifty rose 7.95 points to 9,937.85.
Larsen & Toubro suddenly surged 4 percent in morning.
52-week highs: Brushing off concerns of geopolitical tensions, fall in GDP growth, rising oil prices as well as muted earnings from India Inc. for the quarter ended June, midcap and smallcap stocks surged to fresh record highs.
The S&P BSE Sensex and Nifty50 are still trading 2-3 percent short of their respective record highs but the S&P BSE Midcap index rose to a fresh all-time high of 15,906.14, and the S&P BSE Smallcap index hit 16,446 for the first time ever.
Tracking the momentum, as much as 97 stocks hit a fresh 52-week high on the BSE which include names like Andhra Cement, Andhra Petrochemicals, Bajaj Finance, Bharti Agri, Bombay Dyeing, Cian Agro, Colgate Palmolive India, Future Enterprises, Goa Carbon etc. among others.
Out of 97 stocks as much as 35 stocks rose to fresh all-time high which includes names like Bajaj Finserv, Eicher Motors, Future Consumer, Indiabulls Housing Finance, Teamlease, Tata Metaliks, Manappuram Finance etc. among others.
Pharma under pressure: Healthcare stocks were under selling pressure today as the Nifty Pharma index was down 1.5 percent.
Dr Reddy's Labs was biggest loser amongst them, down 5 percent followed by Glenmark Pharma, Sun Pharma, Lupin and Cadila Healthcare.
Missed
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