Reliance Industries, Maruti Suzuki rally over 75% the last one year
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Four stocks - Reliance Industries, Bharti Airtel, Maruti Suzuki India and Tata Steel – from the S&P BSE Sensex have rallied more than 75% since December 26, 2016.
The benchmark Sensex ended above its crucial 34,000 level at 34,010.61 on Tuesday, up 31.8% from its one year back level on back of strong an over Rs 1-lakh crore net inflow by the domestic mutual funds. On December 26, 2016, the Sensex had closed at 52-week low of 25,807.10.
Hindustan Unilever, HDFC Bank, Adani Ports and Special Economic Zone, Kotak Mahindra Bank, Larsen & Toubro, Housing Development Finance Corporation (HDFC), Wipro and Asian Paints are among others that outperformed the market by gaining more than 32% in past one year.
The domestic mutual funds have pumped in net amount of Rs 122,031 crore in equities till Friday, December 22, 2017, the market regulator Sebi data shows.
Meanwhile, around 88 stocks from the S&P BSE 500 index have become multi-bagger and surging more than 100% during the period. Of which HEG, Indiabulls Ventures, Graphite India, Rain Industries, Venky’s India and Bombay Dyeing and Manufacturing were up between 520% and 1,321%.
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India’s benchmark indices fell nearly a per cent on Friday in a topsy-turvy session to cap their worst weekly performance in more than two years.
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The overall kitty swelled by $2.838 billion to touch $692.296 billion during the previous week.
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Top officials of the Ministry of Finance, (Department of Economic Affairs) and Ministry of Communications have also been asked to appear before the key parliamentary panel.
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At least 28 naxals killed so far in the encounter with Police in the Maad area on the Narayanpur-Dantewada border. A huge amount of automatic weapons were recovered. The gunfight broke out at around 1 pm in the forest between Thulthuli and Nendur villages in Abhujmaad on the Narayanpur-Dantewada inter-district border, when a joint team of security personnel was out on anti-Naxal operation, Inspector General of Police (Bastar Range) Sundarraj P told PTI over the phone.
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Polling for all the 90 Assembly seats in Haryana began on Saturday morning amid tight security arrangements, officials said.
The fate of Chief Minister Nayab Singh Saini, Congress leaders Bhupinder Singh Hooda and Vinesh Phogat, besides the JJP's Dushyant Chautala and 1,027 other candidates, will be decided in the polls in which more than two crore people are eligible to vote.
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