MIC Electronics hits 5 percent upper circuit in bullish market

In Asian markets, Seoul, Shanghai and Hong Kong were trading higher. The US markets ended on a mixed note on Friday.

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Shares of MIC Electronics hit a 5 per cent upper circuit on Monday as the benchmakr indices opened with new high. However, the counter opened gap down sith a loss of 3.68 per cent today However, it gained further to touch the high of 103.56.

In early trade, Sensex and Nifty made a new all-time high of 84,862 and 25,911 respectively.
At 9.46 a.m., Sensex was 259 points or 0.31 per cent at 84,803 and Nifty was 110 points or 0.43 per cent at 25,903.Buying was also seen in the midcap and smallcap stocks. Nifty midcap was 305 points or 0.51 per cent at 60,514 and Nifty smallcap was 154 points or 0.80 per cent at 19,486.

Among all the sectoral indices, Auto, PSU Bank, fin service, metal, realty and oil & gas were top contributors. IT and Pvt Bank were top laggards. The 52-week high of the counter is Rs 114.74 and the 52-week low of the scrip is Rs 23.

In Asian markets, Seoul, Shanghai and Hong Kong were trading higher. The US markets ended on a mixed note on Friday. Global oil benchmark Brent crude climbed 0.75 per cent to USD 75.05 a barrel.

The BSE benchmark jumped 1,359.51 points or 1.63 per cent to settle at an all-time high of 84,544.31 on Friday. During the day, it soared 1,509.66 points or 1.81 per cent to hit the momentous intra-day peak of 84,694.46.

The NSE Nifty also surged 375.15 points or 1.48 per cent to close at a record 25,790.95 level. During the day, the gauge zoomed 433.45 points or 1.70 per cent to reach an all-time intra-day peak of 25,849.25.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)




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