Sensex completed its journey from 57,000 to 58,000 in three days (August 31-September 3) and took eight more sessions (September 3-September 16) to scale 59,000.
Shares of IndusInd Bank have surged almost 12 per cent in this eight-session period. The scrip had risen just 1 per cent in the Sensex journey from 57K to 58K.
Bharti Airtel surged 10 per cent in the eight-day period against a 0.8 per cent fall the stock witnessed in the previous 1,000-point Sensex rally.
ITC, which fell 0.33 per cent in the Sensex rally from Mount 57K to Mount 58K, is up 10 per cent in the eight-day period.
HCL Technologies offers a similar example. This stock was up mere 0.8 per cent between August 31-September 3, but has climbed 7 per cent since then. NTPC too has reversed tepid show by gaining 7 per cent in Sensex’s journey to Mount 59K compared with a rise of mere 1 per cent in its journey to 58K (from 57K).
