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This Article is From Jul 04, 2017

How The Nifty Moved In The First Half Of 2017 

Buying at dips seem to have worked for investors so far this year. 

How The Nifty Moved In The First Half Of 2017 
Shadows of commuters are cast on the road in Amritsar, India (Photographer: Brent Lewin/Bloomberg)

The benchmark NSE Nifty 50 Index rose the most in eight years in the first six months of 2017, led by gains in banks and consumer goods companies.

The index gained 16 percent till the first half of June and touched a life-time high of 9,709.3 in the month. Every upmove was followed by a downtrend.

The index gained more than 1,500 points since January. Here's which stocks rose and fell the most…

The NSE Nifty Realty Index outperformed the rest, rising nearly 60 percent. NSE Nifty Bank and NSE Nifty FMCG indices followed, jumping over 27 percent each. NSE Nifty Pharma Index fell 7 percent, becoming the top loser, followed by NSE Nifty IT Index that declined nearly 3 percent.

Will the two laggard sectors pick up steam in the second half? Only time will tell.

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