RIL, 3 private bank shares driving Sensex rally; most big stocks fall over 20% in one year

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New Delhi | Published: March 12, 2019 6:21:29 AM

Nearly 70% of stocks with a market capitalisation of Rs 1,000 crore or more have been in the red in the last one year.

sensex, icici bank, hdfcThe rally in the Sensex is very narrow being driven by a handful of stocks such as RIL, HDFC Bank, Axis Bank and ICICI Bank.

Nearly 70% of stocks with a market capitalisation of Rs 1,000 crore or more have been in the red in the last one year. Of the 725 companies in this universe, 38% have lost more than 20% of their value. The rally in the Sensex is very narrow being driven by a handful of stocks such as RIL, HDFC Bank, Axis Bank and ICICI Bank.

The four have contributed about 3,000 points or 80% to the Sensex rally of 3,747 points in the last one year.

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