An analysis of the contribution made by stocks to the movement in the Sensex 32-months since January 2008, shows Infosys, has been the biggest contributor to index (1,015 points). Meanwhile, index heavyweight Reliance Industries has dragged the index down by 1,115 points, with its share price down around 35% from January 2008 levels.
Some of the other big contributors are ITC, which has chipped in with 441 points, followed by HDFC Bank, which has contributed 385 points. Other stocks that have dragged down the index have been Reliance Communications, which pulled the index down by 626 points, followed by ICICI Bank which has negative contributed with 441 points and DLF, which has dragged the index by 301 points.
Infosys, TCS and Wipro, have had a great run on the bourses, with the share price of Infosys and TCS double to what they were in January 2008 and Wipro gaining 58%. The business model of companies like Infosys and TCS have withstood extremely well despite the crisis in the western economy, said Sandip Sabharwal, CEO – portfolio management services, Prabhudas Lilladher.