Broader indices outperform; 48 Smallcaps give Double Digit Return
All the sectoral Indices ended in the red with BSE Realty shed 8 percent, BSE Auto index shed 6 percent, BSE Telecom Index fell 5 percent, BSE Energy index declined nearly 5 percent.
Broader indices outperform; 48 smallcaps give double digit return
All the sectoral indices ended in the red with BSE Realty shed 8 percent, BSE Auto index shed 6 percent, BSE Telecom index fell 5 percent, BSE Energy index declined nearly 5 percent.
The Nifty-50 Index and Sensex lost around 4.2% each in the past week, while the mid-cap index lost around 3.1% and small-cap index lost 1.8% outperforming large-caps. Indian Markets underperformed most global markets. The Chinese market was up 22% last week, while other major global markets were weak. The increase in geopolitical tensions between Israel and Iran weighed on risk assets, while crude oil rose by US$5.5/bbl to USD 78/bbl,” said Shrikant Chouhan, Head of Equity Research, Kotak Securities.
The BSE Small-cap index fell 2 percent with Kamdhenu Ventures, Optiemus Infracom, Sterling and Wilson Renewable Energy, Edelweiss Financial Services, RITES, NAVA, Phoenix Mills, Linc, Intellect Design Arena, Subros falling 10-41 percent.
However, Hercules Hoists, The Anup Engineering, ITD Cementation India, IIFL Securities, RPG Life Sciences, Vijaya Diagnostic Centre, BASF India, Glenmark Life Sciences, V-Mart Retail, CARE Ratings, Shakti Pumps (India), Jaiprakash Power Ventures, RattanIndia Power rising between 10-20 percent.
