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Sensex Jumps to 17k

Nifty jumps 16,000 to 17,000 in Just 19 Days, Second fastest Since Last March

The blistering stock market rally has helped the Nifty move from 16,000 to 17,000 in just 19 days. This is the second fastest 1,000 point rally since the market rebound in late March last year. To be sure, up-moves in terms of points in indicates at elevated level tend to be shorter because of the statistical base effect. But unlike its peer Sensex, Nifty still has some more distance to go before 1,000 points gain can be achieved in a matter of days because of the higher base. Infosys and RIL were among the top contributors to the last 7,000 point rally in the Nifty since June 3, 2020 when the index was at 10,000. Bluechip stocks such as Coal India, ITC, Nestle, Britannia, Bharti Airtel, Hero Motorcorp, and Maruti among others have been the under-formers during the Nifty’s journey from 10,000 to 17,000

Blog A Sensex jumps 16k to 17k

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