India's flagship Nifty 50 index hit the 25,000 mark for the first time in just 220 sessions since it reached the 20,000 mark on 11 September 2023.

Ten stocks contributed 50% to the 5,000-point rally in Nifty market capitalisation in the last 220 sessions. Since September 2023, the benchmark index has surged nearly 25%, driven primarily by #bhartiartl #relianceindustries #TataConsultancyServices #StateBankofIndia #ONGC #TataMotors #icicibank #NTPC #M&M and #Infosys .

The market cap of these 10 stocks increased by Rs 23.29 lakh crore, accounting for more than 53% of the gains in the Nifty’s market cap. #BhartiAirtel and #relianceindustries alone contributed over 8% each to the rally.

The next eight stocks together contributed over 36.6 percent to the up-move. Only four stocks -- #BajajFinance #AsianPaints #HDFCBank and #IndusindBank -- did not participate in this rally. Meanwhile, the other 36 stocks on the Nifty registered gains of 1-3% during this period.

Indian markets opened higher after the recent US Fed commentary. US Fed and Bank of Japan's monetary policy moves were as per expectation. A double benefit is coming the markets way today. First, the Fed meeting outcome has more or less solidified a September rate cut. Second, the Great Rotation out of Big Tech is slowing on account of renewed interest in the space. This fresh interest is being driven by investors' FOMO on gains from big tech stocks.

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