Statsguru: Stock markets attain new peaks; Bajaj Finance, TCS, Infosys gain

On Friday, the Indian stock markets scaled new highs with the benchmark Nifty index ending the day at 11,278, up 111 points from the previous close. The Nifty is now up 8 per cent since the beginning of the year as seen in Chart 1.

The top gainers since January are Bajaj Finance, followed by TCS, Infosys, Bajaj Finserv and Kotak Mahindra Bank. On the other hand, as seen in Chart 2, the top losers are Tata Motors, Vedanta, HPCL, Bharti Airtel and Infratel.

The small-cap and mid-cap indices have underperformed the benchmark index since the beginning of this year, though they