Smaller stocks outshine Sensex & Nifty: Over 80 stocks in smallcap index rise 10-30% in a week

Bulls remained in control for most part of the week pushing Sensex and Nifty above 50,000 and 15,000, respectively, except for the sharp selloff on Friday.

As many as 86 stocks in the S&P BSE Smallcap index rose over 10 percent.

Strong earnings from IT heavyweights kept the momentum going for Indian markets in the week gone by.

A lot of action was seen in the smallcap segment both from a weekly as well as monthly perspective.

However, banking indices gave away its weekly gain owing to heavy selloffs towards the end of the week.“It was triggered by weak results announced by mid & small banks and NBFC like M&M Finance.

“In the week ahead, along with Q4 earnings results and updates on covid restrictions, state election results are also expected to influence the momentum.

The news flow related to the quarterly result of the index giant Reliance Industries and rising coronavirus cases,” Shrikant Chouhan, Executive Vice President , Kotak Securities said.“The market entered into a short-term uptrend by crossing the level of 15000, but we saw a weekly closing far away from the highest levels.

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