Web Special: Reliance biggest contributor in Sensex rally

Reliance Industries (RIL) has contributed a fourth or 25 per cent in 1,842.70 points pullback in the benchmark Sensex in last eleven trading days.

The Sensex has appreciated by 22.6 per cent from its three-and-half year low of 8,160.40 on March 9, 2009 to 10,003.10 today. RIL, which has the highest weightage of 17.41 per cent in the Sensex, appreciated by 36 per cent since March 9 and has contributed 453.91 points to the index.

The foursome - ICICI Bank, HDFC, Infosys Technologies and HDFC Bank - together contributed 29 per cent or 531.39 points to the Sensex pullback.

Sterlite Industries was the biggest gainer, zoomed 51 per cent to Rs 368.10 from Rs 244.45 on the BSE. ICICI Bank, Hindalco, Tata Steel, Jaiprakash Associates and HDFC have gained in the range of 30-42 per cent during the period.

Foreign Institutional Investors (FII), which were net sellers of Rs 10,773 crore till March 9, 2009, have bought net amount of Rs 1,747.75 crore equity shares between March 10, 2009 and March 25,2009, according to data released by the stock exchanges. Domestic Institutional Investors (DII) has purchased net amount of Rs 1,326.47 crore equity shares during the period.

Oil and gas sector has contributed 536.93 points, finance contributed 484.95 points in Sensex rally. While capital goods (197.95 points) and information technology (177.49 points) have contributed over 150 points each.