Top sectoral, stock gainers since previous Budget

MUMBAI: The bulls were back in the market and the Sensex surged almost 500 points after the Economic Survey indicated that India has reached a sweet spot and is on track to achieve double-digit growth.

It has been ‘Acche Din’ for the Indian market since the new government took over. The S&P BSE Sensex has gained over 15 per cent since previous budget and most sectoral indices have outperformed the benchmarks.

Following are the performance of sectoral indices since previous budget.

CNX Pharma Index (Gains: 32 per cent)

Stock	Gains %
Lupin	65.8
Cipla	52.4
Aurobindo Pharma	52.2
Glenmark Pharmaceuticals	38.4
Cadila Healthcare	33.2

Reasons for Upswing: The companies reported strong earnings growth following upswing in US business and rupee depreciation. M&As and inorganic expansion also boosted growth.


CNX Auto Index (Gains 28.9 per cent)

Stock	Gains %
Bharat Forge	102.8
Ashok Leyland	102
Bosch	101.6
Eicher Motors	92.6
Amara Raja Batteries	85.2

Reason for Upswing: Hopes of rate cuts, turnaround in CV cycle, greenshoots in passenger segment and softer commodity prices.

CNX IT Index (Gains 26.7 per cent)

Stock	Gains %
Hexaware Tech	84.5
Tata Elxsi	81
Cyient	65.7

BSETECK Index (Gains 21.5 per cent)

Stock	Gains %
Mindtree	65
Bharti Infratel	45.7
Dish TV	42.3

Reasons for Upswing: 'Digital India' campaign, e-governance, use of IT for process-based decisions to cut red-tape, fast online clearance for stalled projects, environmental & forest clearances.