These 48 smallcap stocks rise 10-30% even as Sensex sheds 1% on volatile week; do you own?

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BSE Sensex ended October's third week with a sharp loss of one per cent after five days of volatile sessions over geopolitical concerns arising on the Israel-Hamas-Gaza conflict. Domestic equity benchmarks Nifty 50 and Sensex ended in negative territory for the third consecutive session on Friday, October 20, as concerns about potential interest rate hikes by the US Federal Reserve, and the ongoing war between Israel and Hamas kept investors on edge.

Also Read: Dividend Stocks: Infosys, ICICI Lombard, L&T Tech, others to trade ex-dividend next week; check full list US bond yields surged to 17-year high mark at 5 per cent as Federal Reserve Chairman Jerome Powell said last week that more interest rate hikes may be required to bring inflation down to a 2 per cent target because of a tight labour market and resilient US economy. On Friday, Nifty 50 closed at 19,542.65, down 82 points, or 0.42 per cent while the Sensex ended the day at 65,397.62, down 232 points, or 0.35 per cent.

Mid and smallcaps suffered bigger losses. The BSE Midcap index fell 1.02 per cent while the Smallcap index dropped 0.76 per cent.

In three sessions to Friday, Sensex dropped 1,030 points while Nifty tanked 268 points due to selling pressure. On the weekly front, the BSE benchmark plunged 885.12 points or 1.33 per cent and the Nifty declined 208.4 points or 1.05 per cent.

‘’While heightened oil prices and elevated US bond yields will impact the domestic monetary environment and operational metrics of the companies. Furthermore, the varied results of blue-chip companies, influenced by subdued global & domestic demand, are steering the market towards a consolidation trajectory in the near term,'' said Vinod Nair, Head of Research at Geojit Financial