Nearly 200 stocks hit their one-year high level on the BSE on Monday supported by a rally in the broader market where the Sensex rose by about 134 points, registering gains for the sixth session.
A total of 192 firms surged to their 52-week high mark, including BPCL, DLF, GAIL, Godrej Consumer Products Ltd, Hero MotoCorp, IOC, M&M, NHPC, NTPC, Power Grid Corporation of India and Yes Bank.
The 30-share Sensex ended higher by 133.85 points, or 0.49%, at 27,278.76 - its highest closing since October 26 last year.
It had added 747.20 points in the past five sessions.
“Positive market sentiment was given a fillip after monsoons picked up in India over the weekend,” said Shreyash Devalkar, Fund Manager – Equities, BNP Paribas Mutual Fund.
As many as 20 stocks gained from the 30-share basket led by Adani Ports, Oil & Natural Gas Corporation, ICICI Bank and Tata Motors.
Among the BSE sectoral indices, realty index jumped the most, up 2.20%, followed by PSU 1.79%, metal 1.67% and oil & gas 1.56%.
At BSE, 1,699 stocks advanced, while 1,038 declined and 148 remained unchanged.