Sensex at 30,000: No PSU in top 5 cos, RIL leads rally with 40% gain

BSE PSU index has outperformed with a gain of 20% from market's December low

As the S&P BSE Sensex breezed past the 30,000 mark on Wednesday to settle at all-time high levels, the rally from the recent December 2016 lows has been mostly led by Reliance Industries (RIL) that has gained nearly 40% during this period. Surprisingly, none of the public sector undertakings (PSUs) have made it to the top five companies by market-capitalisation (market-cap) as the benchmark index achieved this feat.

ITC, HDFC, HDFC Bank and Larsen & Toubro are the other index heavyweights that pushed the benchmark in unchartered waters and form the remaining four in the most valuable by market-cap club.