Sensex 40,000 to 50,000: TCS becomes biggest contributor in terms of market cap
Sensex journey to 50,000 has been clearly an impressive one with several stocks contributing to its gains. When it comes to market cap addition, the clear winner is TCS, followed by HDFC Twins, ICICI Bank, and Kotak Mahindra Bank. These stocks contributed the most to the market capitalisation when Sensex moved from 40,000 to 50,000.
It shows that no market rally in the Indian equities is complete without the banks participating in it.
When it comes to percentage gains in Sensex stocks for the period when Sensex moved from 40,000 to 50,000 (November 2019 to January 2021), the biggest Sensex gainers have been Infosys-up by 95 per cent, followed by Dr Reddy’s Laboratories and HCL Technologies-up by 85 per cent and 74 per cent, respectively.
Following is a list of the top market cap gainers when Sensex added the latest 10,000 points to its tally:-
|
Company Name
|
Sector
|
Change from November 1,2019 to January 20,2021(per cent)
|
|
Infosys Ltd
|
IT
|
95
|
|
Dr. Reddys Laboratories Ltd
|
Healthcare
|
85
|
|
HCL Technologies Ltd
|
IT
|
74
|
|
Bharti Airtel Ltd
|
Telecom
|
69
|
|
Asian Paints Ltd
|
Chemicals
|
53
|
|
Reliance Industries Ltd
|
Crude Oil
|
50
|
|
Tata Consultancy Services Ltd
|
IT
|
50
|
|
Mahindra & Mahindra Ltd
|
Automobile & Ancillaries
|
40
|
|
Sun Pharmaceutical Industries Ltd
|
Healthcare
|
36
|
|
Tech Mahindra Ltd
|
IT
|
34
|