Nifty 50 crosses the psychological level of 18000 mark.

Nifty 50 crosses the psychological level of 18000 mark.
by 5paisa Research Team 11/10/2021

Nifty 50, India’s frontline equity index touched the psychological level of 18,000. Read on to find companies that moved fastest since the low of March 23, 2020.

Nifty today crossed the mark of 18,000 for the first time. Despite the prediction by many analysts and economists that we may see a correction in the equity market, Nifty touched a new high of 18000 in today’s trade.

It was inconceivable for anyone a year back that indices will have such a vertical rise. Since, the low of March 23, 2020, Nifty is up by 136%. Nifty was at 7634 on March 23, 2020, and is now trading at the 18000 mark. Out of 50 constituents of Nifty 50, 27 companies have gained more than 136% and there are 23 companies that have gained less than 136%.

Top 10 Gainers among Nifty 50 since the low of March 23, 2020:

Company  

LTP (Oct 11, 2021)  

Price on (Mar, 23,2020)  

Gain  

TATAMOTORS  

412.7  

66.2  

523%  

HINDALCO  

483.55  

87.9  

450%  

TATASTEEL  

1,310.40  

272  

382%  

JSWSTEEL  

673.6  

144.4  

366%  

WIPRO  

652.4  

170.15  

283%  

BAJAJFINSV  

17,667.70  

4621.05  

282%  

GRASIM  

1,623.75  

433.25  

275%  

TATACONSUM  

817.9  

226.5  

261%  

ADANIPORTS  

739.25  

207.8  

256%  

INDUSINDBK  

1,177.00  

336.45  

250%  

The table shows the gain made by share prices of companies since the lows of March 23, 2020. The top gainer is Tata Motors, whose price saw a surge of 523%. From the lows of Rs 66.2, it is now trading at Rs 412.7. What looks common from the table is that metal companies have gained the most. In the top five gainers, three are from the metal pack. All of them are up by more than 3.5 times. The best performer is Hindalco, whose share price is up by 450%. In terms of house, it looks that Tata Group has gained the most.

Categories