Among sectoral indices, the BSE IT surged 16% followed by Consumer Durables (9%), Realty (8%) and Auto (6%). On the flip side, Capital Goods and Power indices declined 7% and 6%, respectively.
Nishchal Jain, Quant Researcher, Share.Market by PhonePe explains why these 5 smallcap stocks look strong on charts, and suggests indicative support and resistance levels for these shares.
In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.