On the weekly basis, the benchmark indices gained, thus taking their winning run to the fourth straight week
RIL, ITC and bank stocks contributed to the gains on benchmarks while metals and IT names languished
Interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others
Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.
The domestic benchmark indices extended their gains to the third day in a row on Monday
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
Nifty is expected to surpass the intraday all-time high of 16,702
The new rules for mid-, small-cap stocks shall be applicable from August 23, 2021
The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad
Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations
If these stocks manage to cross their significant resistances, the upside may result in a surge of over 5 per cent
Global interest rates are likely to remain benign for long, says Vikaas Sachdeva in interview.
The markets have largely taken to a downward trend amid high bond yields in the US
As on January 2021, Kotak Flexicap fund had assets of Rs 32,400 crore, making it one of the largest scheme in the category
Nearly 20 stocks in Nifty Small-cap 100 are showing strong bullish signals as against 10 stocks of Nifty Mid-cap 100
On a year-to-date (YTD) basis, the small-cap and mid-cap indices have gained 18 per cent and 20 per cent, respectively
Analysts attribute the surge to a host of factors, particularly the interest shown by the retail investors in these two market segments.
The S&P BSE Small-cap index has outperformed with a rally of 86 per cent from its lowest intra-day level in March 2020 to 16,003 levels now.