The broader market indices have now stayed in the green for a third consecutive session.
Nifty witnessed two days of recovery to reclaim that 22,000 levels but Nifty needs to cross over 22,100 to witness a clear rally towards the all-time high of 22,525 Across the globe, US stocks lost ground at the start of a holiday-shortened week on Monday as investors positioned themselves ahead of inflation data. Meanwhile Crude and Bitcoin are both trading higher. Among stocks in focus will be NBFCs and Pharma stocks whereas Adani ports and Uno Minda will also be on our radar as we start this truncated holiday week with just 3 sessions. So what should be your strategy? Moneycontrol's Stacy Pereira speaks with Brijesh Ail, Head Technical & Derivatives, Retail Research at IDBI Capital Markets and Securities Limited and Kunal Shah, Senior Research Analyst, Carnelian Capital for more.
The market sell-off in March has ensured that even high dividend paying small cap stocks have fallen sharply. These dividend paying small-cap stocks are seen stabilising and gaining ground in line with the broader market sentiment
Small-Cap funds are a barometer of a recovering economy since these stocks tend to gain more traction in a high liquidity situation in the market.
RBI analysis shows that the manufacturing sector was worse off than the services sector in the June quarter.
The week also saw a smooth but sluggish November series futures & options expiry on Thursday. Nifty rolled over to December series 72% vs 64% in last expiry. Higher rolls were witnessed in auto & infra spaces
From a year ago, India's benchmark index, the BSE-Sensex has fallen by about 9% YoY. During the same period, the BSE Mid Cap and BSE Small Cap indices have declined by about 9.5% and 21.1% respectively.