DSIJ Mindshare

The markets on January 5 opened gap up. BSE Sensex is trading at 34,082.00, up by 112.36 points and the Nifty is trading at 10,529.70, up by 24.90 points. Meanwhile, following stocks are close to their 52 week high as on January 5.

Nifty Metal index outperformed the markets by gaining nearly 48.5 per cent in 2017. Bounce back in the metal majors like Vedanta, Tata Steel and Hindalco after May 2017 led to this exuberant move in the index. These frontliners are currently trailing at their multi-year high levels.

Larsen & Toubro Hydrocarbon Engineering, a wholly-owned subsidiary of Larsen and Toubro (L&T), has secured an offshore contract worth approximately Rs. 1,483 crore from ONGC.

After posting good Q3 results, the stock of GM Breweries was up around 12 per cent in the morning session at Rs. 1,098.00 per share, up Rs. 120.80 or 12.36 per cent on Friday. The stock has shown significant price as well as volume gains, volume rose by around 1,200 per cent compared to its 5-day moving average.

Overall volumes in futures & options currently stand at 1.07 crore contracts with a turnover of Rs. 10,36,180.25 crore.