NEW DELHI: The HDFC duo played a big role in Sensex’s 601-point surge on Tuesday. The day was action-packed, with 313 stocks hitting their upper circuit limits, 153 climbing to their new 52-week highs and 24 shares surging 10-20 per cent, helping stock investors to add Rs 1.23 lakh crore to their fortunes.
All this, even as four stocks fell on BSE for every five that rose.At close, the BSE Sensex was up 600 points, or 1.54 per cent, at 39,574. Nifty50 settled at 11,662, up 159 points or 1.38 per cent. Here are stocks and sectors which gained the most in Tuesday’s rise:
HDFC duo propels Sensex rally
HDFC contributed 220 points, while HDFC Bank added another 108 points to aid Sensex’s rally. ICICI Bank, Kotak Mahindra Bank and Asian Paints accounted for another 100 points in the index rise. HDFC rose 8.35 per cent to Rs 1,934.35, after it said business has returned to pre-covid levels. HDFC Bank, on the other hand, climbed 2.70 per cent to Rs 1,144 after the private lender said its advances rose 16 per cent in second quarter, while deposits grew 20 per cent.
153 stocks hit 52-week highs
The list included four Sensex stocks: Asian Paints, Infosys, TCS and Tech Mahindra. Asian Paints hit a 52-week high of Rs 2,096, while peer Berger Paints also scaled its one-year high of Rs 609.05 during the session: IT stock TCS touched Rs 2,736 mark, Infosys Rs 1,059.85, Tech Mahindra Rs 2,736 and Wipro Rs 3,35.95. Biocon, Cadila Healthcare, MindTree and Dabur India also hit their respective one-year highs during the day.
313 stocks hit upper circuit limits
This list included Infibeam Avenues, Sadbhav Engineering, Network18, Den Networks, Edelweiss Financial Services, Indiabulls Integrated Services, Reliance Infra and Repco Home. These stocks hit their 5 per cent upper circuit limits. Among others, Aarti Drugs hit its 5 per cent upper circuit limit at Rs 893.10. Globus Spirits hit its 5 per cent upper circuit limit at Rs 288.90. Shakti Pumps also got locked at a 5 per cent limit at Rs 196.35.
24 stocks rallied 10-20%
Some 24 stocks gained 10-20 per cent on Tuesday. Among stocks which jumped 20 per cent each were GTPL Hathway, GSS Infotech, Vaksons Automobiles and Vivid Mercantile. LKP Finance soared 19.61 per cent to Rs 70.15. Rushil Decor rose 12.64 per cent to Rs 82. Dr Lalchandani Labs jumped 16.62 per cent to Rs 12.10. Thyrocare soared 14.81 per cent to Rs 884.20.GIC Housing Finance advanced 12.25 per cent to Rs 106.30.
Select midcap stocks on a roll
The BSE Midcap index rose just 0.59 per cent against BSE Sensex’s 1.54 per cent rise for the day. But a host of midcap stocks rallied for the day. AU SFB climbed 9.32 per cent to Rs 733.75. LIC Housing, Edelweiss and Cholamandalam Investment and Finance Company rose 5 per cent each. Godrej Properties, ZEE Entertainment, L&T Infotech, Muthoot Finance, RBL Bank and PNB Housing rose 3-4 per cent.
Top 3 stocks added Rs 19,352 crore in m-cap
RIL, TCS and HDFC Bank saw a Rs 19,352 crore jump in their combined market values for the day. The total m-cap of the three largecaps stood at Rs 31.43 lakh crore on Tuesday against Rs 31.24 lakh crore in the previous day. HDFC Bank stock gained 2.7 per cent to Rs 1,144.20, TCS edged 0.34 per cent higher at Rs 2,716.15 while RIL ended almost flat at Rs 2,210.15.
Credit: Stocks-Markets-Economic Times