HUL, RIL, TCS among top gainers in Sensex's 8,000-point rally in 16 months

Analysts attribute the resilience of Indian markets amid the recent EM turmoil to overall macro stability and domestic flows

Rising crude oil prices, trade war fears, depreciating rupee and the possibility of higher inflation amid rising interest rates have failed to dent sentiment at the bourses over the past few months. The S&P BSE Sensex has been one of the best-emerging market (EM) index thus far in the calendar year 2018 (CY18) with a rise of over 12 per cent.

The index closed hit an all-time high of 38,402 levels on Monday, August 20 in intra-day trade. It took just 16 months for the index to achieve this feat after it closed above the 30,000 mark for the first