Over 25 small-cap equities saw double-digit price increases last week, ranging from 20 to 65 percent, while the benchmark BSE Sensex saw a little weekly dip. But last week, the S&P BSE Smallcap index as a whole reached a new high of 46,821.39 thanks to increases in equities like Olitrona Greentech, Balaji Telefilms, and Jaiprakash Power over the previous five days.
Regarding individual stocks, some of the smallcaps that saw double-digit increases in share prices last week were Schneider Electric Infra, UCO Bank, Balaji Telefilms, Parag Milk Foods, Olectra Greentech, Punjab & Sind Bank, Triveni Turbine, Bajaj Hindusthan Sugar Limited, EIH Ltd, SMC Global, ASM Technologies, Kalyani Steels, Kriti Industries, Kirloskar Oil, Indiabulls Real Estate Ltd, and others.
Market Trail this week
Nifty 50 fluctuated after its quiet beginning, following erratic patterns in the heavyweights of several industries.
“When valuations are high, the bears will use any negative news to drag the market down,” Dr. VK Vijayakumar, chief investment strategist at Geojit Financial Services, made reference to the Reserve Bank of India (RBI) governor’s “slightly hawkish comments” on Thursday.
The BSE benchmark dropped 723.57 points, or 1%, to end at 71,428.43 on Thursday due to a lack of clarity over when interest rates will be lowered following the RBI policy announcement. To reach 21,717.95, the Nifty had a decrease of 212.55 points, or 0.97 percent.
In terms of weekly performance, the Nifty fell 71.3 points, or 0.32 percent, and the BSE benchmark fell 490.14 points, or 0.67 percent. Small-caps, which are more broadly and domestically focused, ended the week unchanged, whereas mid-caps had a 0.85% weekly gain. On Friday, both indices recorded their worst session in almost a week.
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During the week, financials stocks fell 1.13 percent. Since January 16, when leading private lender HDFC Bank released unsatisfactory quarterly results, they have decreased by about 6%.
With heavyweight ITC down 5.7%, consumer stocks fell 2.27 percent for the week, marking the company’s lowest week since October 2021.
According to stock market data, foreign institutional investors (FIIs) bought in three of the five sessions last week, with a total disposal of ₹5,871.45 crore. Domestic institutional investors also bought in three of the sessions, with a total investment of ₹5,325.76 crore.
