The Nifty50 index of the National Stock Exchange hit the 10,000 mark for the first ever time on Tuesday morning, and with the mood staying bullish these days with investors betting on a reduction in interest rates early next month, looks set for greater heights.
The BSE benchmark Sensex, for its part, is hovering around record high as well. Although some of the components of the Sensex and the Nifty50 have not fared extraordinarily well in recent months and suffered some setbacks here and there, a few have done exceptionally well, giving handsome returns to investors in the last one month.
Quarterly results have been fairly good and the report card of index heavyweight Reliance Industries is proving to be a fairly strong trigger for the market.
Among the Nifty50 stocks that have done quite well in the past 4-5 weeks are Axis Bank (10.3%), Tata Consultancy Services (9.4%), Bharti Airtel (14%), Bharti Infratel (11.2%), State Bank of India (6%), Vedanta (13.5%), Indiabulls Housing Finance (nealy 10%), HDFC Bank (8%), Yes Bank (13%), ICICI Bank (5.5%) Hindalco (14.8%), BPCL (14.3%), Aurobindo Pharma (11%), Wipro (13%), Ambuja Cements (11%), Zee Entertainment Enterprises (10.3%), UltraTech Cement (7%), Eicher Motors (7%) and HCL Technologies (6%).
Lupin, Hindustan Unilever, Cipla, Sun Pharmaceutical Industries, Tata Motors, Tech Mahindra, Maruti Suzuki, IndusInd Bank, Adani Ports, Larsen & Toubro, NTPC and Bosch saw some good sessions and handed out moderate returns on investments.
Indian Oil Corporation, HDFC and ITC gave negative returns in the last one month. ITC shed nearly 7%, while the other two stocks are down marginally, compared to their levels in the last week of June 2017.
In the last one year, Adani Ports has surged more than 70% and Maruti Suzuki has jumped 65%. Indiabulls Housing Finance, Hindalco, Vedanta, Tata Steel, Reliance Industries have gained between 50% and 60%.
HDFC Bank, State Bank of India, Yes Bank, Kotak Bank, IndusInd Bank, Hindustan Unilever and Eicher Motors have also recorded impressive gains.
Lupin (down 35%), Tech Mahindra (down 22.8%), Tata Motors (down 10%), Sun Pharmaceutical Industries (down 29.8%) and Dr Reddy's Laboratories (down 22%) have posted losses in the last one year.
The Nifty50 has gained about 4.8% in the last one month. Year-to-date, the index has risen over 17%.
At 9956.20, around 55 points off a record high of 10,011.30, the Nifty50 is now down 10.20 points o r0.1% from its previous close. The Sensex, which hit a fresh record high at 32,374.30 in early trades today, is currently up with a slender gain 32,247.34.
