 "Check out: Best and worst Sensex performers since 2008")
The Indian markets hit a record high today after five years and ten months.The stock index today surged to an all-time high just after the opening bell, smashing its earlier record set in January 2008.
The Sensex set a new all-time high record of 21,266.97 today while Nifty had hit 6,326 at its day’s high, nearly 30 points away from its record high of 6,357.10.
[caption id=“attachment_968595” align=“alignright” width=“450”]
Tata Consultancy Services (TCS) Chief Executive N. Chandrasekaran. Reuters[/caption]
Foreign funds pushed up the Sensex to all-time high as they continued buying pharmaceutical, information technology and auto sector stocks. A reasonably good earning season and the abundant global liquidity are the reason for the new highs for the Indian shares.
According to CNBC-TV18, here’s a list of the best performing stocks since 2008:
Sun Pharma -+ 456%
TCS : + 315%
ITC :+ 187%
Hero MotoCorp : + 200%
HUL: + 160%
And here’s a list of the worst performing stocks since 2008:
BHEL: -72%
Tata Steel: -65%
RIL: -42%
L&T: -35%
Bharti Airtel: -27%
The market seems to be hitting new highs supported by sectors that got a boost from the weak rupee. IT and pharma sectors are expert oriented and a weak rupee has boosted their earnings in July-September.