Market Update: These companies are scaling 52-week high, NIFTY BANK continues its outperformance

Nifty 50 opened in green for the fourth day in a row at 17820.1 against the previous close of 17805.25 up by 15 points, though SGX Nifty was showing otherwise. Currently, it is trading at 17821.0 almost at the same level, at which it opened. Out of 50 stocks in Nifty, 17 are trading below their previous close and 32 are trading above their yesterday's close and one is unchanged. In today’s trade, more stocks are trading in favour of advances and overall, we can see that more stocks are trading in green. 

NIFTY BANK has been outperforming for the last few days and in today’s trade, it is the best performing index, up by 1.39 per cent. This is followed by NIFTY FINANCIAL SERVICES, which is up by 1.09 per cent. The worst performing index currently (10:37 am) is NIFTY IT. It is down by -1.73 per cent. Out of the total 10 companies forming part of the index, all companies are trading in the red. 

Following Table Shows Company Scaling 52-Week High(Price >50) 

Following Table Shows Company Scaling 52-Week High(Price <50) 

Overall market is trading in favour of advances. Currently, the advance to decline ratio stands as 170:123.