The big positive story in Apr-21 was metals with JSW Steel gaining 61.2% and Tata Steel gaining 34.8% in the month. Steel rally was driven by upsurge in steel demand, uptick in China growth and strong steel prices.
Another big gainer in Apr-21 was pharma. Reddy Labs gained 17.2% in the month, Cipla gained 15.6% and Sun Pharma 11.5%. Apart from the COVID vaccination opportunities, investors also saw pharma as a safe haven.
There were also some stock specific winner stories. Wipro gained 22% in the month on the new direction given by its new CEO. Bajaj Finserv gained 16.6% on solid results expectations which it actually delivered.
There were losers too. Indiabulls Housing and Zee fell 8.5% and 7.2% on unfavourable news flows. HCL Tech lost 6.2% after disappointing results. Auto companies like Maruti, Eicher Motors and M&M were among the top losers on worries of a drop in Apr-21 auto numbers.