Over 45 smallcap stocks gain 10-40% as Sensex snaps 2-week losing streak; do you own?

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BSE Sensex snapped its two-week losing streak and gained nearly one per cent, supported by the US Federal Reserve's rate pause which triggered a rise in global equities and a sharp correction in US bond yields. While geopolitical risks on the Israel-Hamas war persist, they have had limited impact on the market's overall trajectory. The resilience of the global markets will be crucial in determining the sustainability of the positive momentum, according to analysts.

After a positive start, frontline indices edged lower in the middle, however recovery in US markets and easing crude oil prices helped markets to regain some momentum in the final sessions. On a cumulative basis, the BSE benchmark jumped 580.98 points or 0.91 per cent while the Nifty climbed 183.35 points or 0.96 per cent. Analysts cited healthy earnings, easing inflation, steady demand and a stable interest rate outlook as factors driving growth in domestic markets.

On Friday, domestic equity benchmarks Nifty 50 and Sensex ended higher for the second consecutive session amid positive global cues as the risk appetite of investors improved on hopes that the end of monetary policy tightening is near. Nifty 50 closed at 19,230.60, up 97 points, or 0.51 per cent and Sensex closed at 64,363.78, up 283 points, or 0.44 per cent. In the broader market, the BSE smallcap gauge jumped 0.94 per cent while the midcap index climbed 0.71 per cent.