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NIFTY Index Chart Analysis : MARKETS CONTINUE TO SWING AND SWAY

NIFTY Index Chart Analysis : MARKETS CONTINUE TO SWING AND SWAY

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Nifty recorded gains of 3.51 per cent in the month of October. While the first half of the month was pretty much dominated by the bulls, the second half of the month was impacted by the grim news of another round of lockdowns due to the rising cases of corona virus in other countries, especially across Europe. This shook investors’ confidence in global economic recovery. As a result, there was a spike in the volatility index across the globe and the India VIX level went past the 24 mark.

 

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Sensex 40,000 to 50,000: TCS becomes biggest contributor in terms of market cap

Shreya Chaware / Article rating: 5.0

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.   

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