Monday 28 August 2017

FIVE SCRIPS THAT PUSHED NIFTY TO 10,000 IN 2017

FIVE SCRIPS THAT PUSHED NIFTY TO 10,000 IN 2017


5 stocks that pushed Nifty to 10,000 mark in 2017

The 50-share Nifty has risen 22% in 2017, and five stocks alone have contributed almost 47% to this surge of 1,835 points. Reliance Industries is the biggest contributor to the rise this year. Its shares rose almost 50% in 2017, pushing up the Nifty by 247 points.

The HDFC twins have contributed more to the Nifty’s rise. Together, they added 391 points to the benchmark this year. ITC added 121 points, while Kotak Mahindra Bank added 104 points. Together, these five stocks have added 863 points to the Nifty this year.

ET Wealth looked at where the Nifty would be if these five stocks were not included in its computation. Without Reliance, the Nifty would be at 9,774 today. Without the top five winning stocks, it would be floundering at 9,158.

Though 2017 has been a good year for stocks and while most stocks rallied in 2017, some laggards have pulled down the index. The biggest culprit, ONGC, slipped 20.36% in 2017, denting the index by 30 points. The fall was bigger for Lupin (-24.4%), but its lower weight-age in the Nifty caused a loss of only 23 points.

Courtesy: See More @ http://bit.ly/2vWLaiV

 

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