Over 300 stocks, including JSW Steel, NTPC, Sun Pharma, BPCL, Cipla, Hindalco, and Vedanta, reached their one-year highs during intraday trading on the BSE on Monday, September 30, despite major declines in Indian stock market benchmarks. Both the Sensex and Nifty 50 suffered losses of over 1% due to weak global cues.
Other stocks hitting 52-week highs included Apollo Hospitals, Britannia Industries, Colgate-Palmolive, Pidilite Industries, ICICI Prudential Life Insurance, AstraZeneca Pharma, National Aluminium, and Welspun Corp.
Meanwhile, the Sensex plummeted by 1,272 points, or 1.49%, closing at 84,299.78, while Nifty dropped 368 points, or 1.41%, ending at 25,810.85. Investors saw market capitalisation shrink by ₹3.5 lakh crore in a day as overall market capitalisation of BSE-listed companies fell to ₹474.4 lakh crore.
Among sectoral indices, Nifty Metal and Media were the only gainers, while Nifty Auto, Financial Services, and Realty posted the steepest losses. The Nifty Bank index fell by 1.59%, with Private Bank and PSU Bank indices also seeing significant declines.
