More earnings downgrades are probable as fiscal 2024-25 (FY25) results come in, according to Anirudh Garg
From the Midcap basket, BSE led the gains among the Nifty Midcap100 constituent stocks, trading higher by 8.64 per cent, followed by One 97 Communications, with a 7 per cent
Large-caps have become relatively more attractive and there are some opportunities to pick good businesses at attractive valuations, he said
April's uptick signals a market stirring, with FPIs putting a spring in its step
Middleweight stocks are in demand, leading the market with better returns in April's recovery
The Nifty 50 index largely comprises of top 50 companies in terms of free float market capitalisation
Dixon Technologies, Waaree Energies, Data Patterns (India), Godfrey Phillips, Devyani International, and KFin Technologies are some of the counters that have gained over 20 per cent during this period
While majority stocks were nursing losses today, some names from the midcap and smallcap segments defied the weak market trend
Technical charts suggest that the Nifty MidCap 150 index may succeed in conquering the long-term moving average; while the SmallCap index faces a tougher challenge.
Investors poured in over ₹83,000 crore into mid and smallcap funds in FY25
From Ridham Desai of Morgan Stanley, Wei Li, Global Chief Investment Strategist, BlackRock Inv. Institute and Shridatta Bhandwaldar of Canara Robeco MF, here is the market strategy of leading analysts
However, on a weekly basis, the Sensex and Nifty posted a decline of 0.27 per cent and 0.33 per cent, respectively
In FY25, benchmarks - Sensex and Nifty50 - logged gains of nearly 5 per cent each
Auto stocks, on the other hand, witnessed a sell-off after US President Donald Trump announced a 25 per cent tariff on imported cars and key auto parts, effective April 3
As things stand, the small-and mid-caps look relatively more expensive, said Jyotivardhan Jaipuria, founder & managing director, Valentis Advisors, and can underperform in the early part of FY26
BSE SmallCap index: Since March 18, the BSE MidCap index has advanced by 7.6 per cent (3,019 points) on the exchange, while the BSE SmallCap index has jumped 9.16 per cent (4,017 points)
Technical charts suggest that the Nifty, Nifty MidCap and the SmallCap indices can potentially rally up to 6 per cent if they manage to sustain above the short-term moving averages.
Stock Market News: Investors have shown maturity till now and have continued to put faith in equities' long term potential
Indian Stock Market News: Indian stock market hours are from 9:15 AM to 3:30 PM, Monday to Friday. A pre-open session runs from 9:00 AM to 9:15 AM on regular trading days
Nifty SmallCap 100 index plunged as much as 1.95 per cent to an intraday low of 15,201.75, while Nifty MidCap 100 index slipped 1.60 per cent to an intraday low of 48,403