RIL, Infy, ICICI, L&T, SBI and RCL drive 1000-point Aug-Sept rally. |
Six Sensex stocks "� Reliance Industries, Infosys Technologies, ICICI Bank, Larsen & Toubro, State Bank of India and Reliance Communications "� have been the key drivers of the Sensex rally, contributing 526.19 points to the 1000-point run between August 7 and September 15. In other words, these six stocks have contributed over 50 per cent to the market rise during the past 28 sessions. |
Reliance Industries has contributed 195.05 points to this rise, while Infosys Technologies has provided 87.94-point boost. ICICI Bank (72.95 points), Larsen & Toubro (69.71 points), State Bank of India (54.77 points) and Reliance Communications (45.77 points) were other major contributors. |
While the top five stocks have made easy way to 1000-point Sensex rally, the next batch of five stocks "� Bharti Airtel, Satyam Computer, ITC, Grasim and Tata Motors "� have lent a support of 200 points. |
FMCG giant Hindustan Lever, four-wheeler biggie Maruti Udyog, housing finance major HDFC, HDFC Bank and pharma blue chip Cipla chipped in with another 136 points to the index's 1000-point bull run. Only two scrips "� ONGC (-10.85 points) and Tata Steel (-3.71 points) "� have posted negative contribution. |
Both have witnessed a marginal drop in their market prices. While ONGC witnessed 2.22 per cent decline in its market price, Tata Steel's market price fell just 1.28 per cent. |
While Reliance Industries has been the largest contributor, Maruti Udyog, which has contributed 29.28 points, has been the highest Sensex gainer. Maruti Udyog has gained 20.67 per cent to Rs 949.25 at close of the day, from the Rs 786.65 level on August 7. |
SBI, with its market price moving up by 17.83 per cent, has grabbed the second slot in the gainers' list. Reliance Industries and Grasim (16.7 per cent each), Larsen & Toubro (15.50 per cent), Hero Honda (14.7 per cent) and Reliance Communications (14.4 per cent) were other major gainers in the latest rally. |
Of the 30 Sensex stocks, 14 have outperformed the index by appreciating more than 8.86 per cent in their prices. |
The stocks that have underperformed the market barometer include ICICI Bank (up 8.7 per cent), Infosys Technologies and HDFC Bank (up 7.45 per cent each), HDFC (up 6.44 per cent) and ITC (up 5.77 per cent). |