Dalal Street extends jubilation: Real estate, BFSI, metal emerge as most promising sectors in 2017

Dalal Street extended the year-long jubilation on Friday with Sensex and Nifty mounting to fresh record highs. The bull phase in Indian stock markets has steered the headline indices Sensex and Nifty to fresh benchmarks in the new year 2018 day after day. With an extended rally of nearly a 13-month in the domestic markets, Sensex and Nifty has returned more than 30% while the returns inch up to over 50% if a 24-month period is taken into consideration. Other sectoral indices such as real estate, bank, metal, financial services have also rallied in the same period vastly outperforming Sensex and Nifty. Over the course of one year, Sensex and Nifty have returned about 26-27% with the blue-chip stocks such as Maruti Suzuki, HDFC Bank, HDFC, Tata Steel, DLF, Bharti Airtel, Indiabulls Housing Finance, Yes Bank, HUL, Kotak Mahindra Bank, IndusInd Bank and Reliance Industries rising between 30% to 90%. We take a look at the best performing sectors and a few stocks which have risen phenomenally well in the period of last year. Annual review of best-performing sectors and key equity indices Sensex, Nifty

Annual review of best-performing stocks across sectors

Even today, India’s stock markets extended gains with Sensex and Nifty hitting their respective fresh lifetime highs. Sensex topped 34,638 while Nifty was just 10 points away from 10,700. Infosys shares hit a fresh 52-week high ahead of Q3 earnings later today with shares of Reliance Industries, ICICI Bank, Tata Motors, HDFC and L&T rallying the most. BSE Sensex inched up 134.93 points to hit a record high of 34,638.42 whereas NSE Nifty added as much as 39.05 points to hit a fresh peak of 10,690.25.