Even as we come to the end of 2018, many bluechip stocks including Bajaj Finance, TCS and RIL have emerged as top Nifty outperformers. Notably, while the Sensex has returned a tepid 6.2% in the volatile year, Bajaj Finance share price has gained a whopping 51% in the year. The broader Nifty 50 has returned a 3.5% in the year. We take a closer look at top 10 Sensex gainers and losers in the year.
Top 5 Sensex gainers
The 30-share Sensex returned a dismal 6.2% in the year, closing at 36,083.33. India’s largest IT firm TCS has emerged as the biggest Sensex gainer, zooming by more than 40.2% in the year. FMCG giant HUL has gained by more than 32% to become the second biggest Sensex gainer. IT major Infosys share price rallied by more than 26% to become the third highest gainer. India’s major private sector lender Kotak Mahindra Bank shares zoomed by more than 24%. Billionaire Mukesh Ambani-led Reliance Industries zoomed by 22% in the year, outperforming the Sensex by more than three times.
Top 5 Sensex losers
Tata Motors shares plunged by more than 60%, to emerge as the biggest Sensex loser for the year. Yes Bank shares tanked by more than 42% in the year. Sunil Mittal-led Bharti Airtel shares have lost more than 40% in 2018, to become the third worst performing stock in the Sensex. Vedanta stock price has corrected by more than 38%, even as the Nifty pharma index tanked by about 7.6% in the year. Tata Steel share price too slumped by nearly 29% in the year.
Top 5 Nifty gainers
Interestingly, Nifty returns have been lower than Sensex returns, at a tepid 3.5% in the year. Bajaj Finance (51%), Tech Mahindra (44%) , TCS (40%), Hindustan Unilever (33%), Infosys (26%) have outperformed the Nifty 50 in the year.
Top 5 Nifty losers
Tata Motors ( down 60%), Yes Bank (down 42%), Bharti Airtel (down 41%), HPCL (down 40%) and Vedanta (down 39%) have emerged as the biggest Nifty losers in 2018.
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