Markets surge; RIL, Tata Steel hits 52-week high

In line with positive equity markets on Friday, market heavyweights Reliance Industries and Tata Steel hit their 52-week high on the bourses during Friday’s early trade. Reliance Industries up by over 2 per cent on the back of the upcoming Q2 results. The stock touched its all-time high of Rs. 891 per share, hitting its 52-week high for the second consecutive trade session. Meanwhile, Tata Steel surged 2.35  per cent  to touch its all-time high of Rs. 707.15 per share on Friday.
 
The other stocks that surged on the bourses during the early trade session on Friday included Bharti Airtel, up by over 6 per cent; Bharti Infratel up by nearly 4 per cent and Idea Cellular up by over 5 per cent. While Avenue Supermarts, Bharat Financial Inclusion, Havells, JSPL, TVS Motor, NBCC, NIIT Technologies, Coromandel International and Britannia Industries were among others stocks that also hit their 52-week high.
 
At 1110 hours IST, Reliance Industries was trading at Rs. 880.85 per share, higher by nearly 1  per cent . Whereas, at the same time, Tata Steel was trading at Rs. 704.85 per share, higher by 2.03 per cent on BSE. Meanwhile, S&P BSE Sensex was trading at 32,433.44 level, higher by 0.78  per cent  and NSE Nifty50 was trading at 10,163.85 level, higher by 0.67  per cent .