Shipping stocks surged with Shipping Corporation of India hitting a new all-time high, and Great Eastern Shipping a 52-week high. Investors anticipate a Rs 15,000-20,000 crore Maritime Development Fund from the Union Budget. Essar Shipping surged, along with Cochin Shipyard. Multibagger returns were seen, but experts' opinions do not represent Economic Times' views.
, Tata Motors, L&T, Adani Ports & SEZ, and Maruti were the top gainers within the Nifty50 pack. Kotak Mahindra Bank, Divi’s Laboratories, ITC, Reliance Industries, and Dr Reddy’s Laboratories were the major laggards.
All sectoral indices except pharma and healthcare index traded in green. Nifty realty rose 1.38 per cent at 1,098.60. Nifty bank was at 49,812.70, up 0.06 per cent