While Sensex, Nifty reclaimed record highs, 19 stocks rose 10-50% since April 3
Updated : April 17, 2019 12:27 PM IST
As many as 19 stocks in the S&P BSE 500 index rose 10-50 percent from April 3, which includes Wipro, Oberoi Realty, Suzlon Energy, Tata Motors, SpiceJet, Rain Industries and PC Jeweller.
The momentum in the market remains strong and Nifty50 is on track to hit 12,000-13,000 in FY20, suggest experts. However, earnings will be key.
As we approach the crucial event of General Election 2019, the price structure of the Nifty indicates a major shift in trend direction as it recorded a “Golden cross” along with similar crossover in index constituents collectively contributing 73 percent to the index weight, ICICIdirect said in a report.