Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
MARKETS

70-Plus Smallcaps Soars 10% to 28% as Market Ends at Record Closing High

Picture Source: Internet

Amid upbeat global and domestic data and strong FIIs investments, Indian markets ended the week at a fresh record closing high, discounting the US rate hike worries, decelerating growth in China, and India’s rising trade deficit.


BSE Sensex rose 1.21% or 758.95 points to end at 63,384.58, and Nifty50 rose 1.41% or 262.6 points to end at 18,826.

BSE Large-cap added 1.5%, the BSE Mid-cap index plunged 3%, and the BSE Small-cap index added 3%.
The continued flow of better macroeconomic data maintained positive opinions across domestic equities. The healthy CPI, WPI, and IIP data contributed to investor buoyancy.

All the sectoral indices ended positively, with the BSE Realty index gaining nearly 4%, the Healthcare index adding 3.6%, the BSE FMCG index rising 3.3%, and the BSE Metal index adding 3.2%.

The BSE Small-cap index rose nearly 3%, with Jay Bharat Maruti, Mishtann Foods, Wockhardt, Aurionpro Solutions, PTC Industries, TruCap Finance, Godawari Power & Ispat and SEPC rising over 20% each.

Losers included Sintex Plastics Technology, Stylam Industries, NGL Fine Chem, Kellton Tech Solutions, CarTrade Tech, Greenlam Industries, Va Tech Wabag, Vardhman Special Steels, DCW and Hindustan Construction Company.

This week, Foreign institutional investors (FIIs) purchased equities worth Rs 6,645.99 crore, while domestic institutional investors (DIIs) purchased equities worth Rs 1,319.21 crore.

Get Daily Prediction & Stocks Tips On Your Mobile