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    Taking stock of Dalal Street

    Synopsis

    Five of the top 10 gainers in the Sensex pack were financial companies, with Bajaj Finance, ICICI Bank, Kotak Mahindra Bank and the HDFC twins gaining 21-57%.

    BSE-13---PTIPTI
    Bharti Airtel emerged the top gainer on the Sensex, surging 59% on indications the brutal pricing war in telecom is about to end.
    Reliance Industries, Bajaj Finance, ICICI Bank, Bharti Airtel and HDFC Bank led the winners on Dalal Street in 2019, a year when the Sensex and Nifty hit record levels even as investors struggled to make money due to weakness in the broad market. The outperformers were mostly companies growing at a faster pace, or those that managed a turnaround.

    Financials was the top sectoral gainer as investors chased large lenders HDFC Bank and Bajaj Finance, which stayed insulated from the crisis that engulfed the sector. Five of the top 10 gainers in the Sensex pack were financial companies, with Bajaj Finance, ICICI Bank, Kotak Mahindra Bank and the HDFC twins gaining 21-57%. Financial companies were also among the biggest gainers in the mid- and smallcap space. For example, Reliance Nippon gained 115% & ICICI Securities rose 46%.

    Bharti Airtel emerged the top gainer on the Sensex, surging 59% on indications the brutal pricing war in telecom is about to end. The market breadth was narrow in 2019, with 55 of the 100 BSE MidCap constituents ending lower. Of the 693 stocks in the BSE SmallCap index, 166 ended firm.

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    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

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