Look at these Nifty stocks which rose upto 100% when 2016 was bearish
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updated on 29 Dec 2016
It is hard to find diamonds in the muck. And it was ever harder in 2016, when everything went against the wind for financial markets.
But even amid setbacks, as many as 15 largecap stocks surged up to 100 per cent during 2016, a year marred by a UK vote to leave the European Union, a surprise verdict in the US presidential election and a shock demonetisation drive by the Narendra Modi government back home.
These ensured domestic stock indices Sensex and Nifty are on course to end the year on a subdued note with just about 1 per cent returns.
The indices did notch up solid gains in the first half of the year on the back of a normal monsoon and a consumption bonanza in the form of the seventh pay panel award and the passage of the GST bill, but all of it got washed out in the second half of the year.
Despite this, 15 stocks from NSE's Nifty50 index surged between 10 per cent and 100 per cent during the year.