Market Update: NIFTY PSU BANK is the best performer; these companies scaling new high

Shashikant Singh
/ Categories: Trending, Mindshare
Market Update: NIFTY PSU BANK is the best performer; these companies scaling new high

NIFTY IT is the worst-performing sector.

Once again global cues were not in favour of the equity market and hence Nifty 50 opened red in today’s trade at 17921.0 against the previous close of 17938.4, which means a gap down of -17.4 points. Currently, it is trading at 17841.15, down by more than 90 points. Out of 50 stocks in Nifty, 30.0 are trading below their previous close and 20.0 are trading above yesterday's close. In today’s trade, more stocks in Nifty are trading in favour of declines. Overall, we see that more stocks are trading in green. 

 

In today’s trade, the best performing index is NIFTY MICROCAP 250 it is up by 0.61 per cent. This is followed by NIFTY METAL, which is up by 0.44 per cent. The worst performing index currently (10:15 am) is NIFTY IT, rising yields have led to such underperformance in the IT sector. It is down by -0.85 per cent. Out of the total 10.0 companies forming part of the index,6.0 companies are trading in red, 4.0 are trading in green. 

 

Following Table Shows Some Companies Scaling 52-Week High(Price >50)

Company

New High

LTP

Prev High

Change(%)

Control Print Limited

436.9

428.8

432.8

11.12

Brand Concepts Limited

74.55

74.55

71.0

5.0

AMD Industries Limited

51.5

51.45

50.45

4.89

Coffee Day Enterprises Limited

78.0

76.25

73.7

4.31

Bcl Industries Limited

497.0

495.0

478.1

3.84

Aarey Drugs & Pharmaceuticals Limited

64.2

62.85

63.7

3.29

Agarwal Industrial Corporation Limited

543.9

542.7

539.95

2.83

Ajooni Biotech Limited

76.9

75.75

76.9

2.78

Balrampur Chini Mills Limited

459.85

456.45

459.0

2.08

Adani Green Energy Limited

1979.3

1956.0

1950.0

0.91

Asahi India Glass Limited

609.9

588.15

592.65

0.75

Chambal Fertilizers & Chemicals Limited

484.95

478.95

484.75

-0.81

Alpa Laboratories Limited

108.8

104.0

107.3

-1.89

AXISCADES Technologies Limited

131.15

124.05

127.15

-1.98

Alkali Metals Limited

144.0

136.35

143.5

-4.98

 

Following Table Shows Some Companies Scaling 52-Week High(Price <50)

Company

New High

LTP

Prev High

Change(%)

Atlanta  Limited

28.15

28.15

26.85

4.84

Ansal Properties & Infrastructure Limited

15.2

15.2

14.5

4.83

Consolidated Construction Consortium Limited

2.3

2.3

2.2

4.55

Antarctica Limited

2.6

2.6

2.5

4.0

Bkm Industries Limited

4.7

4.3

4.5

-4.44

 

Overall market is trading in favour of advances. Currently advance to decline ratio stands as 208:189.

 

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