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Four stocks contribute 4,500 points to Sensex rally

Hindustan Unilever, Tata Motors, HDFC and Sun Pharmaceutical Industries have contributed between 365 points to 500 points in Sensex rally.

Deepak Korgaonkar  |  Mumbai 

Market rally image via Shutterstock

Four stocks from 30-share S&P BSE Sensex – ITC, Tata Consultancy Services (TCS), Infosys and HDFC Bank - have collectively contributed nearly 4,500 points rise in benchmark index since January 2008.

The Bombay Stock Exchange (BSE) Sensex hit an all time high of 21,294 in morning deals today, after a period of 5 years and 10 months. Earlier in January 10, 2008 the index touched high of 21,206.

Cigarette major ITC contributed nearly 1,500 points gain during the period. The stock attracted the investors because of the "huge reserves in its balance sheet".

Information technology (IT) majors TCS and Infosys have scaled the index up 1,146 points and 1,045 points respectively, while HDFC Bank contributed 823 points since January 2008.

Hindustan Unilever, Tata Motors, HDFC and Sun Pharmaceutical Industries have contributed between 365 points to 500 points in Sensex rally.

Meanwhile, Reliance Industries is trading nearly 40% lower from its January 2008 level, dragged the Sensex down by 1,300 points during the period.

Larsen and Toubro (510 points), ICICI Bank (478 points), Tata Steel (409 points) and BHEL (245 points) have contributed more than 200 points fall as fears of a slowdown in the economy and lower order visibility.

Company 1-Nov-13 % chg* Points
Contribution
GAINERS
ITC 334.25 204.28 1468.78
TCS 2108.25 332.68 1145.72
Info 3308.65 106.45 1045.19
HDFC Bank 679.45 97.54 822.81
HUL 609.25 166.22 493.89
LOSERS
RIL 912.35 -39.72 -1300.33
L&T 972.55 -30.65 -510.60
ICICI Bank 1121.05 -17.37 -477.71
Tata Steel 334.40 -60.85 -409.34
BHEL 140.95 -71.07 -377.30
*Change over January 10, 2008
Share price on BSE in Rs
Source: Bloomberg

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First Published: Fri, November 01 2013. 10:50 IST
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