Hindustan Copper, Aster DM Healthcare, Kolte Patil Developers, Ramco Systems were among the top smallcap gainers. Abans Holdings, Transformers & Rectifiers, Waree Renewable Tech, IIFL Finance, KEI Industries, Anand Rathi Wealth, Llyods Metals, Force Motors, Suryoday Small Finance Bank, Motilal Oswal Financial Services among other smallcap stocks logged a double-digit growth in their share prices last week. Domestic equity benchmarks traded mixed and finally settled almost flat, taking a pause after three weeks of advance.
The beginning was upbeat, followed by modest gains in the following sessions however profit taking in the last session engulfed all the gains. Weakness in global markets combined with caution ahead of the earnings continues to weigh on the sentiment. Also Read: FPIs pump ₹13,347 crore in Indian equities, debt flows reduce in April so far: Will inflows continue in FY25? The broader indices too witnessed a similar trend as smallcap gained nearly a per cent while midcap closed flat.
Metal stocks rose 2.90 per cent and were the top weekly sectoral gainer by percentage. Pharma stocks dropped 1.94 per cent this week, hurt by a 4.29 per cent drop in Sun Pharma following an order by the US drug regulator related to the company's Dadra facility. Among stocks, Eicher Motors, Hindalco, Tata Consumers were the top Nifty gainers for the week while Sun Pharma, Titan, and Cipla were the top losers for the week.
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