Atul Auto was the top gainer in the small-cap pack as it zoomed 30.44% on the BSE in the last five trading sessions. Infra stock
rallied over 12% and 18.8%.
PSU stock GRSE, which has been rallying in the last few days on the back of strong outlook and cheaper valuations, added another 18% during the week. The stock has doubled so far in the calendar year 2022.
Other top small-cap gainers included EKI Energy, Black Box,
, , and .
Within the BSE500 pack,
, Brightcom, and Angel One were among the top gainers. On the other hand, top losers included , , and . and Zomato plunged around 10-11% each.
At the sectoral level, BSE Realty was the top loser as it eroded 4.2% of its wealth. BSE Utilities and BSE Power lost around 4% each.
BSE Teck, IT and Bankex were the only three sectoral gainers during the week.
Analysts expect Friday’s 685-point rally to continue in the short-term, led by festival demand, Q2 results, and the positive trend of the global market. “Buying at a dip is the best strategy in this scenario, with a focus on domestic economy-oriented stocks and sectors. The sectors which are expected to outperform are IT, pharma, FMCG, durables, green initiatives, specialty chemicals, and mass manufacturers with value buying as the theme,” said Vinod Nair, Head of Research at
.
In the week ahead, Q2 results are likely to dictate stock- specific movements even as the domestic indices are likely to dance to global cues.
“Nifty in 17,000 & Sensex in 57,300-500 range is a good level to start investing. Staggered investments will take care of the volatility,” said Sumit Chanda, CEO & Founder of AI-based investment advisory platform JARVIS Invest.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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