The 50-share benchmark rose on each of the trading sessions starting August 13 till September 3, with cumulative gains of around five percent. The benchmark has surpassed its previous longest rally of 11 days, last seen in October 2007.
In Nifty’s 13-session winning streak was led by Bajaj Finserv with a 19.26% gain, while ONGC lagged behind with a 2.89% decline.
In Nifty MidCap 150’s 13-session rally, Sundaram Finance surged 28.91% while Hindustan Zinc fell 14.85%.
Small-cap stocks have shown a wild ride, with Godfrey Phillips soaring by 52% while Cochin Shipyard falling by 16%.
Tata Consultancy Services and Reliance Industries led the charge with massive market cap gains, while Hindustan Zinc and Mazagon Dock Shipbuilders faced significant declines.
In a 13-session rally, the Nifty SME Emerge and Nifty Smallcap 100 outperformed with strong gains, while sector-wise, NIFTY IT and NIFTY India Digital led the charge.
During Nifty’s 13-session winning streak, FIIs outpaced DIIs with a significant equity inflow, reflecting a strong foreign investment appetite. Year-to-date, DIIs have invested substantially more than FIIs, showcasing shifting investment dynamics.
Germany led the global pack with top returns during Nifty’s 13-session winning streak, while China trailed. India held its ground with steady gains, as other major players like Japan and Canada also saw notable upticks
From January’s robust Rs 1.53 lakh crore gain to August’s steady Rs 2.44 lakh crore addition, NSE’s market cap growth tells a story of volatility and recovery, with a remarkable Rs 19.69 lakh crore boost over the past 13 sessions
Source Link: Nifty 50 records 13 sessions of positive close: here's a slice of the highlights