Nifty 50 up 7 percent in 20 sessions

Nifty 50 moved to 17,000 points from 15,885 points in just 20 trading sessions by rising 7 percent.

Aug 31, 2021

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These are some interesting data points behind Nifty’s record rally

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Fastest ever 1,000 point gain

This is the fastest ever 1,000 point gain for the 50-stock index, according to CNBC-TV18.

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Most stocks up in August

Nifty 50 has surged 15 percent with six straight monthly gains. 38 stocks out of the 50 are up in August.

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Nifty 50 gains 21 percent in 2021

Nifty 50 has gained more than 21 percent so far this year, the best first eight months since 2017 when the index surged 28.65 percent, according to BloombergQuint.

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Stocks up 15 percent

Bajaj Finance, Bajaj Finserv, Tech Mahindra, TCS and HUL are top 5 contributors to the historic move. Each of these are up over 15 percent in Aug.

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Nifty IT index up 14 percent in August

Nifty IT index, comprising stocks like TCS, Infosys, HCL Tech, Tech Mahindra and Wipro is up 14 percent in August.

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Rally fuelled by foreign investors

The rally this week has been fuelled by the return of foreign investors who have turned net buyers this week, for shares worth over ₹1,500 crore including cash and options.

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Foreign Institutional Investors

Foreign institutional investors were sellers for the better of 2021. They have net sold shares worth ₹3,070 crore until Aug 27.

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Foreign Institutional Investors

For the same period last year, Jan 1 to Aug 27, foreign investors were net buyers to the tune of over ₹8,000 crore.

Credit: BCCL