Nifty Winners And Losers Of The First Quarter Of 2021
The NSE Nifty 50 index has gained for the fourth straight quarter, despite high levels of volatility amid rising bond yields in the U.S. and profit booking at higher levels.
The 50-stock gauge rose 5% during the quarter ended March even after falling from its peak of 15,431 on Feb. 16. It gained 19.8%, 9.2% and 24.3% in the preceding three quarters.
As many as 37 of the index’s constituents returned gains to investors during the period. Tata Motors Ltd., Grasim Industries Ltd. and Adani Ports & SEZ Ltd. were the top three gainers, while Dr Reddy’s Laboratories Ltd., Maruti Suzuki India Ltd. and Kotak Mahindra Bank Ltd. were the top laggards.