Over 30 smallcap stocks gain between 20-70% even as Sensex logs worst week since November; do you own?
BSE Sensex which logged its worst performance since the week ending October 27, dragged by information technology (IT) stocks. On the stock-specific front, IFCI, Mangalore Chemicals, Rail Vikas Nigam Ltd, MTNL, Borosil Renewables, HFCL, MSP Steel and Power, RailTel Corporation, JK Tyre & Industries, NBCC (India), Oswal Greentech, and others are among the smallcaps that logged a double-digit rise in their share prices last week.
Domestic equity benchmarks Nifty 50 and Sensex have fallen about 1.3 per cent each over the three sessions this holiday-truncated week, logging their worst performance since the week ending October 27.
The high-weightage financials led the losses for a second straight week, adding 1.6 per cent to their 4.1 per cent drop last week that was sparked by HDFC Bank reporting disappointing margins. In the six sessions since then, foreign funds have sold Indian shares worth ₹34,766 crore, pulling the Nifty 50 down about three per cent.
On the weekly front, the BSE benchmark fell by 982.56 points or 1.37 per cent, and the Nifty declined 269.8 points or 1.24 per cent. MORE TO COME Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.Milestone Alert!
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