Buy stocks: Bharti Airtel and Tata Steel have reached a 52-week high. An extensive list of winners and loses
The Indian market indices reached new highs and maintained their gains from the previous session. The Sensex began to rise Thursday, March 7, after crossing the 74,000 barrier for the first time on Wednesday. The previous day saw a jump in the stock market, with the Sensex closing 409 points higher and the Nifty closing 118 points higher. The private bank and healthcare sectors experienced a 1% increase.
Reaching 52-week highs: The stocks of Tata Steel, Bharti Airtel, Sun Pharmaceutical Industries, State Bank of India, and Power Grid Corporation of India all reached all-time highs.
Top BSE gainers
The biggest gainers on the BSE were Tata Steel, Bajaj Finance, Tata Consultancy Services, Bajaj Finserve, and Tata Motors.
The top losers on the BSE were Reliance Industries, ICICI Bank, Maruti Suzuki India, Axis Bank, and Mahindra & Mahindra.
Top Nifty gainers
The biggest gainers on the Nifty were State Bank of India, Indusind Bank, HDFC Bank, Au Small Finance Bank, and Bandhan Bank.
The top losers in the Nifty were Federal Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and Bank of Baroda.
What do the market’s tendencies indicate?
According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the market is currently seeing some clear trends. One is that big caps are doing better than medium and tiny ones. Two, big players in the private sector including ICICI Bank, Axis Bank, Ind Sind Bank, and Kotak Bank are driving the Bank Nifty’s upward trend. Three, the regulatory action taken against a few NBFCs has improved the perception of the premium private banking sector by affecting the perception of the NBFC industry as a whole. Safety ought to come first in this stage of the market, not profit.
