Nifty tops one-year returns chart on poll rally, stronger rupee

India has emerged as the best performer in the past one year among the 20 most widely tracked global equity markets after Mumbai stocks rallied days ahead of the election outcome. In dollar terms, the Nifty gained 4.4 per cent on Monday and 7.3 per cent over the past one week, taking its oneyear returns to 9 per cent .Dow Jones and RTSI (Russian Index) are the second- and third-best performers, respectively, giving returns of 4.2 per cent and 2.1 per cent in the past one year. In dollar value, all the remaining 17 indices have given negative returns. Indian equity returns have been further boosted by the 1 per cent recent gains in the rupee against the dollar. 69421144 Among the top 15 FII-heavy stocks, Bajaj Finance, Larsen & Toubro, Maruti Suzuki, HDFC and ICICI Bank were the five major gainers over the past one week, each climbing 17.6 per cent , 11.4 per cent , 9.8 per cent , 9.7 per cent and 9.6 per cent , respectively, in dollar value. All 15 stocks gained during the week. IT stocks, HCL Technologies, Infosys and TCS, were at the bottom of the leader-board of advancing shares. 69421136 Over the one-year period, Bajaj Finance, Axis Bank and Reliance Industries remain the top gainers, with returns of 58 per cent , 45 per cent and 39 per cent , respectively.

from Economic Times http://bit.ly/2X4hTQo