When the Nifty achieved 18,000 on April 4, sentiment was still brittle with foreign funds pulling money out of India. Over the next two months, the Nifty plunged almost 16% to a 52-week low of 15,183.4 on June 17.
From there, the index has rebounded almost 18.6% to cross 18,000 on Tuesday, thanks to overseas flows. Foreign portfolio investors have pumped in Rs 66,300 crore since July 1.
A few Nifty underperformers of the previous rally, such as M&M, , , , and , are the top gainers in the current rally. Similarly, IT and metal stocks which gained the most in the previous rally, are among the top losers this time.