Market Update: Nifty 50 inching towards 17,000 mark; these companies are scaling 52-week high

After witnessing one of the worst falls in the last ten months, Nifty 50 opened in green in today’s trade at 16933.25 against the previous close of 16842.8, which means a gap up of 90.45 points. Currently, it is trading at 16903.9. Out of 50 stocks in Nifty, 21.0 are trading below their previous close and 29.0 are trading above their yesterday's close. In today’s trade, more stocks in Nifty are trading in favour of advances. Overall we see that more stocks are trading in the red. 

In today’s trade, the best performing index is NIFTY IT, which is up by 0.9 per cent. This is followed by NIFTY FMCG, which is up by 0.68 per cent. The worst performing index currently (10:25 am) is NIFTY METAL. It is down by -1.36 per cent. Out of the total 15.0 companies forming part of the index, 14.0 companies are trading in red, 1.0 are trading in green. 

Following Table Shows Some Companies Scaling 52-Week High(Price >50).

Overall market is trading in favour of decline. Currently advance to decline ratio stands as 120:278