Reliance Industries, HDFC Bank, Adani Ports hit record high on BSE

Reliance Industries (RIL), HDFC Bank and Adani Ports and Special Economic Zone (SEZ) from the S&P BSE Sensex hit their record highs on the BSE in early morning trade on Tuesday.The S&P BSE Sensex was trading 54 points higher at 32,299.71 at 09:42 am; hit a new high of 32,374 in intra-day trade today. RIL hit a record high of Rs 1,629, surpassing its previous high of Rs 1,626 touched on January 15, 2008 in intra-day deal. In the last three trading sessions, the stock rallied over 6% after Mukesh Ambani, chairman and managing director of RIL, announced the board's recommendation for one bonus share for every one held by shareholders, at the 40th Annual General Meeting (AGM) in Mumbai on Friday. Commodity Trading Tips




However, on the National Stock Exchange (NSE), the stock is slightly away from its all-time high of Rs 1,649 touched on January 15, 2008 during intra-day trade. HDFC Bank too hit new high of Rs 1,756, extending its previous day’s 1.8% gain after the private sector lender reported 20% year-on-year (Y-oY) rise in its net profit at Rs 3,894 crore, in line with estimates, for the quarter ended June 2017 (Q1FY18). The bank had reported profit of Rs 3,239 crore in the corresponding period of the previous year. Net Interest Income (NII) also grew 20% at Rs 9,371 crore over the previous year quarter. Nifty Trading Tips