Over 45 smallcap stocks gain between 10-35% as Sensex rises 1% last week; Data Patterns, Wockhardt among gainers
BSE Sensex logging a weekly gain of one per cent, despite a volatile week amid mixed global cues. On the other hand, the benchmark Nifty 50 index hit record highs in all five sessions, buoyed by a rise in heavyweight financials. On the stock-specific front, Jubilant Industries, KPI Green Energy, Data Patterns, Wockhardt, Yasho Industries, ASM Technologies, Tata Investment, Skipper, Jai Balaji Industries, Force Motors, Shilpa Medicare, Meghmani Organics, Indo Count, Hindustan Media Ventures, and others are among the smallcaps that logged a double-digit rise in their share prices last week.
Markets remained volatile in the past five days but managed to extend their winning streak for the second consecutive week, ending with a gain of nearly a per cent. After the initial rise, mixed global cues combined with profit taking in select heavyweights capped the momentum. Global Indices surged higher as the positive momentum was largely influenced by the etch rally following Nvidia's strong earnings report, which also buoyed sentiments in Indian markets.
The domestic benchmark indices, Nifty and Sensex, continued to oscillate in a narrow range till the end and finally settled at 22,212.70 and 73,142.80 respectively. On the sectoral front, the majority ended in the green wherein realty, FMCG and metal were among the top performers. However, the broader indices failed to match the move and ended on a flat note.
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