192 stocks hit 52-week high as Sensex surges over 700 pts

As many as 192 stocks tracked the strong momentum in the broader market on Thursday and touched their one-year high levels as the benchmark Sensex zoomed by 728.73 points to reclaim the 28,000-mark.

The BSE Sensex closed at 28,075.55, 2.66 per cent higher after RBI Governor Raghuram Rajan sprang a surprise by cutting interest rates to boost growth.

Among the blue-chip stocks that touched their 52-week high mark include Axis Bank, HDFC, HDFC Bank, Maruti Suzuki India and Tech Mahindra.

Dabur, Federal Bank, Jet Airways, JSW Energy, Kotak Mahindra Bank, TVS Motors, Bata and Bajaj Corp also touched their 52-week high levels.

From the 30-Sensex constituents, 28 ended the day with gains led by HDFC and SBI. Hindalco and HUL were the only losers.

Shedding his hawkish stance, Rajan cut interest rates by 25 basis point, a move that is likely to result in cheaper home and auto loans.

All the BSE 12 sectoral indices ended the day with gains, with realty index surging 7.99 per cent emerging as the star performer.

Following the stupendous rally in the market, investor wealth reclaimed the Rs 100-lakh crore mark.

At the BSE, 1,716 stocks advanced, while 1,188 declined and 102 remained unchanged.

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