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While market witnessed modest gains, more than 132 smallcaps added 10-75% in Oct

In the last week, the BSE 500 index lost over 2 percent with IRB Infrastructure Developers, Rail Vikas Nigam, Vaibhav Global, Adani Power, RBL Bank and Indus Towers falling 10-23 percent.

October 30, 2021 / 04:29 PM IST
Subex | The company reported lower profit at Rs 4.82 crore in Q2FY22 against Rs 12.25 crore in Q2FY21, revenue fell to Rs 86.3 crore from Rs 93.3 crore YoY.

Subex | The company reported lower profit at Rs 4.82 crore in Q2FY22 against Rs 12.25 crore in Q2FY21, revenue fell to Rs 86.3 crore from Rs 93.3 crore YoY.

The market ended lower for the second consecutive week after investors opted for profit booking on stretched valuations, which also saw foreign institutional investors go on a selling spree.

In the week ended October 29, the BSE Sensex fell 1,514.69 points (2.49 percent) to close at 59,306.93, while the Nifty50 shed 443.2 points (2.44 percent) to close at 17,671.7 levels. The Sensex and Nifty, however, added 0.30 percent each in October.

The broader indices—BSE midcap and Smallcap indices— shed a percent each in the previous and ended flat for the month.

In October, more than 132 smallcaps, including Tilaknagar Industries, Best Agrolife, Maharashtra Seamless, Transport Corporation of India, Network 18 Media & Investments and Tata Teleservices (Maharashtra), added 10-75 percent.