Domestic share markets started Samvat 2077, or the new year according to the Samvat Vikrami calendar, at record highs. Benchmark indices S&P BSE Sensex and NSE Nifty 50 managed to gain 4,384.94 points (11.23 per cent) and 1,136.05 points (9.81 per cent) in Samvat 2076, which is the period from Diwali 2019 to the eve of Diwali 2020. IT and pharma stocks, such as Divi’s Laboratories, Dr Reddy’s, Infosys and Wipro, along with heavyweight Reliance Industries have led the recent recovery in the benchmarks, which have rebounded two-thirds of their losses this year on account of COVID-19
Here’s how Nifty components have performed in Samvat 2076:
|Stock||Return In Samvat 2076|
|Dr Reddy’s Laboratories||74.24%|
|Kotak Mahindra Bank||10.69%|
On the other hand, ONGC, Indian Oil and IndusInd Bank, down around 40-48 per cent each, were the top laggards during this period.
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