India’s Nifty 50 has reached a 52-week high



Wednesday, August 31, the Indian stock market demonstrated positive dynamics on the background of the appreciation of the shares of automakers and consumer companies.

At the close of trading the Nifty 50 index increased by 0.48% to 8786,20 points, while the BSE Sensex 30 index rose by 0.39% to 28452,17 points. It is worth noting that Nifty 50 has reached a 52-week high.

The leaders of growth to end of trading were shares of UltraTech (+3,52%), Kotak Mahindra (+2,64%) and Larsen&Toubro (+2,53%).

The leaders of the fall were paper Bosch (-2,29%), Oil&natural Gas Corp (-2,23%) and Hindalco Ind (-2,15%).

As mentioned above, better than market looked shares of automakers. So, quotes Maruti Suzuki India Ltd has updated a new historical high, while shares of Tata Motors reached a 16-month high. It should be noted that paper Hero MotoCorp and Bajaj Auto also reached record levels.

Quotes Asian Paints and UltraTech Cement rose to a new historic high.

Marico’s market capitalization increased by 1.9%, which was the highest since 11 Aug growth.

RBL Bank shares have increased in price 31% during the debut trading.

In the currency market USD/INR fell by 0.35% to 66,910, and EUR/INR dropped 0.30% to 74,5980.

Meanwhile, the volatility index India Vix, which is formed on the basis of indicators of trade options on the Nifty 50, increased by 1.71% to reach 13,2425.




India’s Nifty 50 has reached a 52-week high 31.08.2016

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