Sunday, June 1, 2025
  • Login
  • Register
STOCKS-PROFILE
  • Blog
  • Market
  • Web Stories
  • Finance
  • Investing
  • IPO
  • World
  • Technology
  • Politics
  • Sports
  • Crypto
  • Insurance
No Result
View All Result
STOCKS-PROFILE
  • Blog
  • Market
  • Web Stories
  • Finance
  • Investing
  • IPO
  • World
  • Technology
  • Politics
  • Sports
  • Crypto
  • Insurance
No Result
View All Result
STOCKS-PROFILE
No Result
View All Result
Home Market

Stock market: Small-cap index reaches new all-time high as stocks rise by 10% to 60%.

by ARVIND KUMAR MISHRA
2 March 2024
in Market
1
Radhakishan Damani's Winning Move: Inside the UltraTech Cement-India Cements Deal

Radhakishan Damani's Winning Move: Inside the UltraTech Cement-India Cements Deal

228
SHARES
3.8k
VIEWS
Share on FacebookShare on Twitter

In the dynamic and ever-changing landscape of stock markets, recent headlines have been dominated by the small-cap index hitting a fresh record high, accompanied by 46 stocks experiencing significant gains ranging from 10% to 60%. However, as the markets soar to new heights, analysts are sounding a note of caution, highlighting potential overbought conditions in specific sectors that could lead to profit-booking. 

You might also like

MobiKwik Shares Surge 88% on Debut: A Detailed Analysis of the IPO Success and What It Means for Investors

Monday Market Movers: Q2 Results and Corporate Developments to Watch on October 7

Stock Market Live Updates: 7 Key Highlights and Analysis of the market today

Table of Contents

  • Market Recap about the Stock market
    • Stock Market Trends and Analysis:
    • Stock market: Sectoral Performance
    • Small-cap Winners and Losers:
    • Stock Market Outlook:
    • Diving into more details
    • Overall Conclusion:

Market Recap about the Stock market

The recent weeks have witnessed a juxtaposition of triumphs and challenges in the stock markets. While the small-cap index reached unprecedented heights, the broader market faced headwinds, marking the end of a seven-week rally. The selling pressure was notably fueled by foreign investors, who expressed concerns about the rising number of Covid-19 cases in India. The BSE Sensex and Nifty50, the benchmark indices, experienced marginal declines, with the former shedding 0.52% and the latter 0.49%. Broader indices, despite hitting record highs, ended the week on a flat to negative note.

Market Recap about the Stock market
Market Recap about the Stock market

Stock Market Trends and Analysis:

Vinod Nair, the Head of Research at Geojit Financial Services, provided insights into the prevailing market dynamics. He emphasized that the ‘buy on dips’ strategy continued to drive investors, particularly favoring mid and small caps. This trend was attributed to the confluence of factors such as the easing of oil prices and the anticipation of a potential rate cut in CY24. Notably, despite premium valuations, short-term positive trends were observed, buoyed by a robust revival in Foreign Institutional Investors (FIIs) buying and specific actions in individual stocks.

Stock market: Sectoral Performance

The performance of different sectors during the week presented a mosaic of outcomes. The Nifty PSU Bank, Nifty Media, Nifty Auto, and Nifty Metal indices witnessed declines, reflecting the nuanced nature of market movements. On the contrary, the Nifty FMCG and Pharma indices posted gains, showcasing the diversity of sectoral performances. Foreign institutional investors (FIIs) played a pivotal role during the week, turning net sellers and offloading equities worth Rs 6,422.24 crore. In contrast, domestic institutional investors (DIIs) bought equities worth Rs 9,093.99 crore. However, in the cumulative data for December, FIIs emerged as net buyers, purchasing equities worth Rs 23,310.82 crore, while DIIs also contributed to the positive sentiment by buying equities worth Rs 12,276.19 crore.

Small-cap Winners and Losers:

The BSE Small-cap index painted a mixed picture during the week, hitting a fresh record high of 42,648.86 but ending on a flat note. Amid this volatility, individual stocks displayed varying trajectories. PC Jeweller, Salasar Techno Engineering, Gallantt Ispat, Sangam (India), and Hindustan Copper emerged as winners, witnessing substantial gains ranging between 20% and 60%. Conversely, IIFL Finance, Allcargo Gati, Sunteck Realty, Man Industries (India), Hindustan Construction Company, Gujarat Ambuja Exports, and Spencer Retail found themselves among the losers.

Stock Market Outlook:

Looking ahead, Ruchit Jain, the Lead Research at 5paisa.com, provided valuable insights into the potential trajectory of the Nifty. The week in review witnessed some profit booking, particularly around the 21,500-21,600 marks, reflecting a correction from recent highs. The Relative Strength Index (RSI) readings indicated an overbought scenario, prompting a probable short-term corrective phase. Despite this, the market maintained its resilience, with crucial support levels, such as the 21,000 mark and the 20-day Simple Moving Average (SMA) at 20,830, offering stability. Jain outlined a broad trading range for the Nifty, spanning from 20,850 to 21,500, emphasising the importance of monitoring these levels for potential market movements.

Om Mehra, a Technical Analyst at SAMCO Securities, added his technical analysis perspective. The Nifty settled at 21,323.2, marking a 0.65% decline for the week—a pause after an impressive seven-week winning streak. Technically, Mehra highlighted the resilience exhibited by the Nifty, particularly in holding onto the crucial 21,000 mark following a sharp one-day decline. The 20-day SMA, hovering around the 20,830 level, added an additional layer of support. On the upside, breaking the 21,600 mark could propel the Nifty to attempt testing new highs in the 21,750-21,800 zone. The RSI consistently maintaining levels above 70 further reinforced the positive momentum.

Market Recap about the Stock market
Market Recap about the Stock market

Diving into more details

However, amidst the optimism, cautionary notes were sounded by analysts, particularly regarding sectors appearing to be in overbought territory. This situation could potentially set the stage for profit-booking, impacting mid and small-cap equities. Adopting a cautious stance is imperative as it instils vigilance in investors against market uncertainties and prompts them to contemplate the possible risks linked to the existing market conditions.

Overall Conclusion:

In conclusion, as we approach the festive season and the year-end, the markets seem to be navigating a range-bound trade scenario with limited data points. The small-cap index reaching record highs reflects the dynamic nature of the markets, offering both opportunities and challenges. Investors are advised to tread carefully, keeping a keen eye on crucial support levels, potential corrections, and the evolving global economic landscape. The cautionary notes serve as a reminder that market dynamics can change quickly, even though the recent trends show resilience and positive momentum. This emphasises the significance of remaining informed and making well-informed investment decisions.

Disclaimer: The information in this “Stock Profile” blog post is for informational purposes only. It is not financial advice. Always consult a qualified expert before making investment decisions.

source

Designed by tartila / Freepik

Tags: Market Storiesshare market todaystock market
Share91Tweet57

Recommended For You

MobiKwik Shares Surge 88% on Debut: A Detailed Analysis of the IPO Success and What It Means for Investors

by ARVIND KUMAR MISHRA
18 December 2024
0
MobiKwik Shares Surge 88% on Debut: A Detailed Analysis of the IPO Success and What It Means for Investors

Shares of MobiKwik soared 88% on their debut day to give the company a market valuation of nearly Rs 40 billion. The successful $67 million IPO, oversubscribed by...

Read more

Monday Market Movers: Q2 Results and Corporate Developments to Watch on October 7

by ARVIND KUMAR MISHRA
6 October 2024
0
Monday Market Movers: Q2 Results and Corporate Developments to Watch on October 7

Q2 Results Day: There might be considerable movement in the stock market as a number of companies will be announcing their quarterly earnings, important corporate news, and announcements...

Read more

Stock Market Live Updates: 7 Key Highlights and Analysis of the market today

by ARVIND KUMAR MISHRA
23 September 2024
1
Stock Market Live Updates: 7 Key Highlights and Analysis of the market today

Stock Market Live Updates: The opening of Indian stock markets on Monday witnessed a positive turn with the factors such as strong global cues and resurgence of investor...

Read more

50 Basis Points Federal Reserve rate cut impacts on IT sector and Stock Prices Development

by ARVIND KUMAR MISHRA
20 September 2024
1
50 Basis Points Federal Reserve rate cut impacts on the IT sector and Stock Prices Development

Known as one of the most influential economic events, this decision was unexpected by many. In fact, most analysts did not foresee such an action from the Fed...

Read more

Stock market today: Sensex Slips, Nifty Holds Above 25,400 as IT Stocks Drag

by ARVIND KUMAR MISHRA
18 September 2024
0
Stock market today: Sensex Slips, Nifty Holds Above 25,400 as IT Stocks Drag

Stock market today: had a mixed day as the benchmark indices experienced minor fluctuations. While BSE Sensex fell by 131 points to end at 83,079.66, Nifty 50 gained...

Read more

Related News

Expert Opinions on the Markets

Stock Market : What are the 7 Common Mistakes Newbies Make

2 March 2024
Infosys share price: Loses $1.5 Billion AI Deal Crumbles Nilanjan Roy's resignation as Infosys CFO

Infosys share price: Loses $1.5 Billion AI Deal Crumbles Nilanjan Roy’s resignation as Infosys CFO

2 March 2024
Adani Enterprises Share Price: Analysing Q2 Performance

Adani Enterprises Share Price: Analysing Q2 Performance

2 March 2024

Browse by Category

  • Blog
  • Crypto
  • Finance
  • Health
  • Investing
  • IPO
  • Market
  • Politics
  • Sports
  • Sports
  • Technology
  • World

Welcome to Stock-Profile, your trusted source for financial news. We are committed to delivering timely, accurate, and insightful updates on stocks, investments, and market trends. Our dedicated team of experts is passionate about providing you with the knowledge you need to navigate the ever-changing landscape of finance. Whether you’re a seasoned investor or just getting started, Stock Profile is here to empower you with information that drives confident financial decisions.

stocks-profile

CATEGORIES

  • Blog
  • Crypto
  • Finance
  • Health
  • Investing
  • IPO
  • Market
  • Politics
  • Sports
  • Sports
  • Technology
  • World

Disclaimer

Only educational and informational purposes are served by the information on Stock-Profile. No financial advice or recommendation to purchase, sell, or hold any securities is intended by our content.No assurance is given or implied as to the correctness of the information, despite the fact that it was gathered from sources we consider to be trustworthy.Before making any decisions, customers are advised to complete their research and consult with financial advisors, because stock market investments have inherent risks. Content and information on Stock-Profile are subject to change without prior notice.

  • About Us -Stocks Profile
  • Cookies Policy
  • Disclaimer
  • Home
  • IPO
  • Privacy Policy
  • Terms and Conditions

© 2023-2024 |Managed by, STOCKS-PROFILE.

  • Blog
  • Market
  • Web Stories
  • Finance
  • Investing
  • IPO
  • World
  • Technology
  • Politics
  • Sports
  • Crypto
  • Insurance
No Result
View All Result

© 2023-2024 |Managed by, STOCKS-PROFILE.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.