Samvat to Samvat: Nifty IT Index emerges best performer since last Diwali; check best and worst performing sectors

Reliance Is The World’s Costliest Energy Stock To Own

Notably, a whole lot of sectors have poor returns, with the fact and media shares among the many worst performers since last Diwali.

Samvat 2074 had certainly been a wonderful yr for IT shares, with shares of Tech Mahindra, Infosys, TCS returning up to 52% since last Diwali. Notably, whereas the Sensex has returned 7%, and the broader Nifty a tepid 4%, the Nifty IT Index has given stellar returns of about 34%, rising because the best sectoral performer of the yr. Nifty FMCG Index, with returns of about 11.2% is available in on the second place. Nifty Finance Index has returned about 8% since last Diwali, coming in on the third spot.

The Nifty Private Bank Index has given about 7.5% returns and ranks the fourth best sectoral Index. The Nifty Bank Index returns at 6% have been the subsequent best amongst Nifty indices in Samvat 2074. The PSU Bank Index too managed to give optimistic returns within the yr, closing 0.45% up within the interval.

Also learn: HDFC Bank emerges as greatest wealth creator in last 5 years forward of RIL, TCS; listed below are high 5 names

Notably, a whole lot of sectors have poor returns, with the fact and media shares among the many worst performers. Nifty Realty Index has corrected by greater than 21.5%, rising as the most important sectoral loser among the many main indices. Nifty Media Index, with returns of unfavorable 16.8%, is the subsequent greatest loser. Nifty Metals (down 10.90%), Nifty Infra (down 10.68%) and Nifty Pharma (down 1.63%) have been among the many different poor performers among the many main Nifty indices.

Stock clever, shares of Tech Mahindra have emerged as the general Nifty winner returning a whopping 52% within the interval since last Diwali. IT behemoth TCS comes second with returns of 49.5%. Infosys shares, with returns of 44.31% have emerged because the third best Nifty performer within the interval. Titan (42.8%), ICICI Bank (37.7%), JSW Steel (37.66%), Axis Bank (30.7%) HUL (29.8%) Bajaj Finance (27.5%) have additionally managed to be among the many high 10 Nifty performers in Samvat 2074. With returns of 21.67%, billionaire Mukesh Ambani-led Reliance Industries has been ranked on the 10th spot among the many Nifty shares within the interval.

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