Meanwhile, the next five stocks have added only 255 points or approximately 25.5 per cent during this period.
Stocks whose contribution to this rally was negative, include Bharti Tele which lost 7.52 points during this period, while it was 3.82 points for Bajaj Auto and 2.37 points for Ranbaxy.
Once again, it has been the FII-buying that has propelled the markets. These overseas investors have put in a net Rs 12,418 crore, over the past 32-trading sessions in the domestic equity market.
On the other hand, mutual funds have been sellers to the tune of almost Rs 1,221 crore.
Despite the current rise in the Sensex, the markets are still getting discounted at multiples lower than the earlier bull runs.
For instance, the Sensex currently trades at about 18.2 times the 12-month trailing earnings, as compared to a discounting of 25.5 times at the height of the technology, media and telecom boom in February 2000.
This buoyancy across sectors such as Oil and Gas and FMCG, reflect the broad consensus in terms of earnings, going forward.
Clearly, it does appear that investors expect the global crude oil prices to remain high, coupled with large refiners continuing to enjoy buoyant gross-refining margins in the medium-term.
As a result, stocks such as RIL and ONGC have contributed substantially to this rally.
On the other hand, stocks in the two-wheeler segment, large Indian generic exporters and cement stocks have not shown signs of participating in this bull-run over the past 32 sessions.
