Stock Market Update, January 16: BSE and Biocon hit new 52-week highs today

Indian stock markets had another positive session on January 16, 2025, with the benchmark indices continuing their upward momentum. The Nifty 50 and Sensex indices both registered notable gains, with the Nifty 50 surpassing the 23,300 mark, and the Sensex closing up by 318.74 points, or 0.42%, at 77,042.82. The Nifty 50 surged by 98.60 points, or 0.42%, to end the day at 23,311.80.

As a result of the market rally, several stocks reached new 52-week highs. Here’s a look at the companies that hit their 52-week highs during this session:

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Notable stocks hitting 52-week highs included:

  1. BSE: Market price surged to ₹5,994.65, up by 3.61%, with a 52-week high of ₹6,030.90.
  2. Biocon: Closed at ₹393.15, gaining 2.91%, with a 52-week high of ₹396.75.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.