Watch out for these Nifty 50 stocks that made 52-week highs on Monday
While the market was experiencing the domination of bears over the bulls, there were some stocks from Nifty 50 index that managed to touch their 52-week highs, notwithstanding the pressure experienced by the market.
In the previous trading session i.e. on Monday, the equity markets glued investors to their seats as the domestic benchmark indices gradually slipped into red territory. Sensex ended at 52,553.40 level, dipping by 586.66 points or 1.10 per cent while Nifty closed the session at 15,752.40 level, which is a decline of 171 points or 1.07 per cent.
On the back of global sell-off, the Indian benchmark indices slipped, owing to the world inflation woes, Federal Open Market Committee (FOMC) meeting next week as well as a spike in the COVID-19 cases. While the market was experiencing the domination of bears over the bulls, there were some stocks from Nifty 50 index that managed to touch their 52-week highs, notwithstanding the pressure experienced by the market.
The following Nifty 50 stocks touched their respective 52-week highs on Monday:
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UltraTech Cement
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Divi’s Laboratories
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L&T
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Tata Steel