Nifty 50: 16 blockbusters of 2012

Moneycontrol Bureau

On the second trading day of the year, markets across the globe gave a thumbs up to the passage of fiscal cliff bill which saw Nifty close above the psychological level of 6000 on broad-based buying.

The euphoria was, however, foreseen by many market experts in 2012. If we look at the performance of Nifty 50 in last one year, i.e, between December 31, 2011  and December 31, 2012, we will find that the market had an excellent run and reaching 6000 was predictable. A total of 16 Nifty stocks gave blockbuster returns zooming between 42% and 87% in that period while S&P CNX Nifty climbed 28%. While IDFC Ltd sits on top of the heap, largecaps like SBI, ITC and Sun Pharma too fetched rich returns.

As many as 24 stocks rewarded investors with gains ranging between 2% to 37%. While Hero MotoCorp remained a dud, the biggest losers in the Nifty pack belonged to IT and oil & gas pack. BPCL and Infosys with a deep cuts of 25% and 16%, respectively occupied the lowest rungs.