Market from Budget 2017 to Budget 2018: Sensex gains 30%; these 44 blue-chip stocks rise up to 200%

Finance Minister Arun Jaitley is all set to present the Union Budget 2018 on Thursday, 1 February 2018. It has been one of the best years for Indian stock markets as from Budget 2017 to Budget 2018 the benchmark Sensex had risen more than 30% with about 44 blue-chip stocks rising 30-200% in the same period. Over the course of last one year, the S&P BSE Sensex has added 30.29% or 8,377.77 points to 36,033.73 while the broader Nifty has advanced 29.07% or 2,488.36 points to 11,049.65. In the corresponding span, there are about 44 stocks of blue-chip companies such as DLF, Reliance Industries, Tata Steel, Maruti Suzuki and HDFC Bank which have grown up to 200%. Domestic stock markets are continuously breaking and making fresh record highs day after day since the beginning of 2018.

Earlier on Tuesday last week, Indian equities broke into all-new levels with the headlines indices Sensex and Nifty breaching their respective psychological marks of 36,000 and 11,000. The 30-share barometer Sensex surged heavily to breach the level of 36,000, and that too just after three sessions when the key index crossed 35,000-mark in January 2018 only. Broadly, Indian equities are on a perpetual upsurge for the last 13 months with Sensex and Nifty rising about 34-36%. Following the record-breaking run in India’s stock market, Sensex and Nifty have managed a year to date return of 5-7%. We take a look at the performance of 44 blue-chip stocks from Budget 2017 to Budget 2018.

Shares of IT services provider Vakrangee have nearly tripled while the stocks of Titan Company and Tata Global Beverages have more than doubled in the last one year. The stock of Vakrangee had appreciated by about 197% to Rs 456.65 whereas shares of Titan Company went up by 138% to Rs 884.55 and the stock of Tata Global Beverages had advanced 133% to Rs 303.85.

Other blue-chip gainers on the dock are

Meanwhile yesterday, India’s stock markets ended on a negative note with Sensex falling nearly 250 points, Nifty slipping below 11,100, all sectoral indices ending in red while shares of OMCs (Oil Marketing Companies) shone, on the other hand, bankers plunged. The benchmark S&P BSE Sensex lost as much as 249.52 points or 0.69% to finish at 36,033.73 and the wider share indicator Nifty shed 80.75 points or 0.73% to conclude at 11,049.65 on Tuesday. All the sectoral indices of National Stock Exchange ended in red with Nifty Bank, Nifty Fin Service, Nifty IT, Nifty Media, Nifty Pvt Bank and Nifty Realty falling 0.8-1.1%. Shares of oil marketing companies such as Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation rose 2-5% whereas shares of heavyweight banks companies such Kotak Mahindra Bank, Axis Bank, Yes Bank, ICICI Bank, Punjab National Bank, HDFC Bank lost 0.2-3% in Tuesday’s trade.