PC Jeweller shares hit 5% upper circuit - Check Details

Shares of PC Jeweller hit a 5 per cent upper circuit on the BSE as the stock markets began the week on a positive note, helped by strong foreign fund inflows and a rally in Asian markets. The 30-share BSE Sensex jumped 318.58 points to hit an all-time high of 84,862.89. The NSE Nifty surged 120.75 points to reach a new record high of 25,911.70.

The counter opened in greet at Rs 141.65 against the previous close of Rs 139.50 on the BSE. It surged further to touch the high of Rs 146.45. The 52-week high of the stock is 153 and the the stock is around 4.47 per cent away from it. The 52-week low of the counter is Rs 25.45. 

From the 30 Sensex firms, Mahindra & Mahindra, Bharti Airtel, NTPC, State Bank of India, Kotak Mahindra Bank, Adani Ports, Tata Steel and Tata Motors were the biggest gainers.

ICICI Bank, HCL Technologies, JSW Steel and ITC were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth Rs 14,064.05 crore on Friday, according to exchange data.

"The charging bull got a shot of steroids from the Fed when it cut interest rates by 50 bps on September 18th. More than the rate cut, it was the Fed chief's optimistic commentary that lifted the markets sharply," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.