Over 400 Small-Caps Gain 10-102% as Markets Surge in April

Picture Source: Internet

Amid global market turmoil, Indian indices performed well in the week ended April 28 and also gained 4% in April, their best gain in five months, helping the Nifty to close above 18,000.

For the week, the BSE Sensex gained 1,457.38 points or 2.44% to end at 61,112.44, while the Nifty50 gained 440.95 points or 2.5% to end at 18,065.

For the week, the BSE midcap, smallcap and largecap indices rose 2.5% each.

All sectoral indices closed in the green, with the Nifty PSU Banking Index up 7.3%, Real Estate Index up 5%, Infrastructure Index up 3.6%, and Information Technology Index up 3.3%.

The BSE Sensex rose 3.6%, and the Nifty rose 4%. The BSE smallcap, midcap and largecap indexes rose 7%, 5% and 4%, respectively.

Some 20 small caps are up 40-102% in April, including Future Consumer, Bombay Dyeing, Tanfac Industries, Rail Vikas Nigam, Vinyl Chemicals (India) and Aarti Surfactants.

On the other hand, Radhe Developers (India), Brightcom Group, MPS, Optiemus Infracom, Orient Electric, EKI Energy Services, Archean Chemical Industries, Vadilal Industries, AAVAS Financers, MAS Financial Services, Kriti Industries (India), Zen Technologies, Kirloskar Ferrous Shares of Industries, Ahluwalia Contracts India and Asian Energy Services fell 10-36%.

Foreign institutional investors (FIIs) turned buyers in the week ended April 28, buying shares worth Rs 5,395.13 crore, while domestic institutional investors (DII) bought shares worth Rs 1,874.25 crore.

In April, FIIs bought shares worth Rs 5,711.8 crore, and DII bought shares worth Rs 2,216.57 crore.

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