Markets News

More than 100 stocks gained 10-40% on BSE500 in single week

The Nifty50 is now required to hold ahead of the 14,864 levels so that it can reach towards its bullish momentum of 15,250-15,500 levels.

This was a historical period in the Indian stock market. Nifty jumped at very crucial peaks rising over 9 percent in this week.

The Sensex also gained by 9.6 percent, but despite the huge rally there are more than 100 stocks in the S&P BSE 500 indices beating the benchmark levels.

Around 126 stocks have progressed over 10 percent in every single last trading session in the past five days.

Further, there are top 18 stocks in the BSE 500 that gained around 20-40% in single week. Basically, all these stocks majorly belong to the Banking sector, Infra, pharma & the auto sector.

The Indian Bank, NCC, SBI, Shriram City Union Finance, PNC Infratech, Tata Motors and Bajaj Electricals were the top gainers.

Market has achieved a historic defeat achieving the topmost level within the Budget day. This increased benchmark level is actually the result of the new highly growth oriented-Budget.

The Union Budget 2021 has come up with massive positive economic reforms aimed at six major elements.

Technically, the Nifty 50 has continued to reflect positive sign for the bulls. It had been on a continued higher-highs and higher-lows pattern in the last five sessions.

However, it has now surpassed over 14,864 levels and is running towards 15,200-15,500 levels.

Experts moreover are recommending to go for incremental buying in midcaps and quality large.

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