Free Stock Tips | Free Intraday Tips
Sensex, Nifty hit a record high! Nearly 30 stocks rose 20-40% in 5 sessions
As many as 8 stocks from the S&P BSE 500 index rallied over 20 percent in the last five trading sessions which include names like Inox Wind, Vijaya Bank, Prism Johnson, Dilip Buildcon, REC, Shriram Transport Finance, Reliance Capital, and Jindal Saw.
Indian markets created history last week with both benchmark indices rallying over 2 percent each. The S&P BSE Sensex gained 840 points or 2.3 percent while the Nifty50 rose 268 points or 2.43 percent for the week ended 27 July.
The benchmark indices might have risen by a little over 2 percent but nearly 30 stocks on the BSE rose 20-40 percent in the same period.
As many as 8 stocks from the S&P BSE 500 index rallied over 20 percent in the last five trading sessions which include names like Inox Wind, Vijaya Bank, Prism Johnson, Dilip Buildcon, REC, Shriram Transport Finance, Reliance Capital, and Jindal Saw.
21 companies from the S&P BSE smallcap index rose 20-40 percent for the week ended July 27 which include names like JMT Auto, Medalist Forging, Shree Renuka Sugars, Everest Industries, Monnet Ispat, Alok Industries, Punj Lloyd, Uttam Galva, A2Z Infra, and Atlanta Ltd.
Apart from record highs, the key positive takeaway for investors was the rally in the small & midcaps which were showing divergence in the past 2-3 months.
The S&P BSE Midcap index rose 4.7 percent while the S&P BSE Smallcap index gained 4.6 percent for the week ended July 27.
Some investors are raising the concern that if the broader market keeps on underperforming the rally which we are witnessing in the large-cap space might not last for long. However, experts feel otherwise.
Data suggests that the broader market is under extreme pressure with worst performer being the real estate sector which is still trading below 85 percent to its lifetime highs and second-worst performer is the Infra index which is still trading 50 percent below its lifetime high.
CALL ON TOLL-FREE No- 9009010900
Our WhatsApp No-9300421111
No comments:
Post a Comment