CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers
Small-cap index still down 17% YTD, even as Nifty50, mid-cap indices back in green.
Small-cap indices have corrected sharply from the highs of October 2021.
These funds have contained downside risk better than mid- and small-cap categories in past downturns
Benchmark indices Sensex and Nifty managed to end in positive territory after fighting bouts of volatility on Thursday as investors followed risk-off mode in global markets. After a volatile trade, the 30-share Sensex ended 54.81 points or 0.09 per cent higher at 58,305.07 -- its all-time closing high. The NSE Nifty rose 15.75 points or 0.09 per cent to settle at 17,369.25. On the Sensex chart, Bharti Airtel was the top gainer, followed by Nestle India, Tata Steel, Bajaj Finserv, HCL Tech and ITC. On the other hand, Titan, UltraTech Cement, Bajaj Auto, HDFC Bank and Axis Bank were among the laggards. Of the Sensex constituents, 18 shares logged gains and 12 suffered losses. During the holiday-truncated week, the Sensex rose 175.12 points or 0.30 per cent, while the Nifty advanced 45.65 points or 0.26 per cent. Sectorally, telecom, power, utilities, capital goods and metal indices rose up to 2.40 per cent. On the other hand, realty, consumer durables, bankex and finance ended in
The strong showing in August was supported by domestic investor inflows, say experts
Sailesh Raj Bhan says earnings in Q1 have been better than market expectations in sectors that have been supported by the recovery of global growth like IT services and metals
The mid and small cap indices, which lagged large caps until early 2020, have covered lost ground, gaining 73% and 104%, respectively, in the past one year
Among sectors, the metal index recorded robust performance with S&P BSE Metal and Nifty Metal indexes gaining 63 per cent in H1CY21
Retail investors may get fingers burnt by aggresively buying small-, mid-caps stocks
In the midcap index, Bajaj Holdings, Tata Consumer Products, Bharat Forge, and Indraprastha Gas (IGL) were the top contributors to the index's fall
Bigger companies in general performed better than their smaller peers
The S&P BSE Sensex and the Nifty 50 have slipped around 5 per cent and 6 per cent, respectively, since then
On the other hand, benchmark index S&P BSE Sensex was trading over 1 per cent higher at 36,079. The NSE's Nifty50 index reclaimed the crucial 10,800 level to trade at 10,827, up nearly 1 per cent.