RIL, M&M contribute nearly 3,000 points to the 10K rally of Sensex
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ET Intelligence Group: The S&P BSE Sensex took over four and a half months or 139 days to be precise to cover the distance between 70,000 and 80,000 points on an intraday basis. The journey of 10,000 points was skewed by a handful of stocks --- five out of the 30 stocks contributed over half or 5,646 points while the top two contributors added nearly one-third to the rally. Reliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time. It was followed by Mahindra and Mahindra, which contributed 1,050 points and earned robust 74.2% returns during the period helped by upbeat demand for its passenger cars. ET Bureau ICICI Bank came third with a contribution of 963.5 points, yielding 18.5% returns amid improving asset quality and net interest margin. Bharti Airtel and State bank o...