The S&P BSE Sensex closed 3% higher while the Nifty50 rose 2.6% for the week ended July 24 compared to 1.4% rise seen in the Small-cap index, and about 1.2% gain seen in the S&P BSE Mid-cap index.
There are about 30 stocks in the S&P BSE 500 index that rose 10-30 percent for the week ended May 15 including names like The Ramco Cement, REC, Hero MotoCorp etc.
The Nifty mid-cap, small-cap behaved in tandem with benchmarks as it rallied over 7 percent, each. Sectorally, all major indices ended in green led by auto, pharma, and financials
The fear factor in this market may lead to a further sell-off and liquidation of portfolio and redemption of mutual funds
Over 300 constituents of the BSE 500 index fell 10-40 percent. Of these, around 75 stocks plunged 20-40 percent