Small-caps & mid-caps outperform, 58 stocks rise 10-40%
Bulls managed to keep an upper hand in a week which witnessed wild swings on either side. The S&P BSE Sensex rallied 0.8 percent while the Nifty50 witnessed a rise of 1.05 percent for the week ended. However, what really stood out was the broader market which outperformed benchmark indices. The BSE Midcap index rose 3.2 percent while the S&P BSE Small-cap index ended 2.8 percent higher on weekly basis, The week started off on a slightly volatile note amid unfavorable exit poll results for the ruling party, but the emergence of a single party in all the key states of Madhya Pradesh, Chhattisgarh, and Rajasthan helped calm investor nerves.
The appointment of new RBI governor, Shaktikanta Das also aided positive sentiment on D-Street which led to some bit of short coverings in the market. The S&P BSE Sensex closed a shade below 36,000 while Nifty managed to reclaim 10800 levels on weekly basis.
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