“The Nifty-50 Index and Sensex gained around 1.7% each in the past week, while the mid-cap index gained around 1.7% and small-cap index gained just 0.6% underperforming large-caps. Markets followed the bullish cues of global markets. US Fed Chair Jerome Powell’s statement in Jackson Hole signaling imminent rate cuts, as well as greater confidence in soft landing, helped prop up emerging markets, including India,” said Shrikant Chouhan, Head of Equity Research, Kotak Securities.
The BSE Small-cap index rose 0.6 percent with Bhageria Industries, NIIT, Gujarat State Petronet, Goodluck India, Datamatics Global Services, Godfrey Phillips India, Globus Spirits, Tata Investment Corp, RPSG Ventures, Geojit Financial Services, Ram Ratna Wires, Kamdhenu, Vimta Labs, JM Financial, Quick Heal Technologies rose between 16-33.
On the other hand, losers were Nahar Poly Films, Cosmo First, Jindal Poly Films, Reliance Power, TruCap Finance, Ester Industries, Minda Corp, ION Exchange India, Rane Madras, Quint Digital, Uflex, Cressanda Solutions, Cochin Shipyard, RACL Geartech, among others.
