The biggest gain has been posted by Eicher Motors (up 31% since May 18), followed by Zee Entertainment (24%).The sharp upswing in the market has got several traders off guard. Shrugging off grim economic forecasts and rising Covid-19 cases, the benchmark Nifty
has climbed 11.4% — from 8,823 on May 18 to 9,826 on June 1 in just nine trading sessions.
Interestingly, all the 50 Nifty
components have delivered positive gains during this period. The biggest contributor to the gains have been HDFC
Bank and HDFC, accounting for a fourth of the 1,000-point rally on the Nifty.
ITC, ICICI Bank
and Reliance Industries
are the next biggest contributors.
The biggest gain, however, has been posted by Eicher Motors
(up 31% since May 18), followed by Zee Entertainment (24%).