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Domestic cyclicals take mkt to new peaks, Nifty tops previous all-time high

Capital goods, FMCG and auto gain the most since December 1

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

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Also, the broader markets have seen sharper gains this year

Samie Modak Mumbai

3 min read Last Updated : Jun 16 2023 | 5:40 PM IST

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The latest up move in the market has been led by domestic cyclicals with stocks in sectors such as capital goods, PSU banks, fast moving consumer goods (FMCG) and automobiles outperforming. While media, IT and healthcare lagging.

An analysis of performance of Nifty 50 components since December 1 shows FMCG and automobile companies gaining the most. On the other hand, Infosys and Reliance Industries (RIL) have been the biggest drags.

The benchmark Nifty 50 index on Friday surpassed the previous lifetime closing high of 18,813. The index closed at 18,826 on Friday. It took the index 134 trading sessions to

Topics : stock markets Nifty 50

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