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This week has been encouraging for the bulls as the domestic market brushed off the last week’s losses & ignoring the disappointment from the budget and the fear of coronavirus.After losing more than 4 % in the Budget week, markets registered a V-shape recovery in the post Budget rally amid positive global cues. The market ended on a positive note for the first four days of the week, while with profit booking yesterday dragged the Nifty below 12100 level.After falling by about 5% including the Budget Day losses in the week gone.Nifty managed to recover 437 points for the week ended on Friday . The large action was seen in the broader market space.Sensex rose 3.5 % while the Nifty rallied 3.75 %. Mid-cap index rose 5 % while the Small-cap index was up 3% for the weekend. “The mid and small baskets remain to be the center of attraction. There are as many stocks that rallied 10-40 % which include names like JSW Steel, Adani Green Energy, GE Power, JM Financial, Bajaj Electrical, Aurobindo Pharma, HEG, V-Mart, Shriram Transport, Honeywell Automation, and Shilpa Medicare etc. M&M will announce its third-quarterly result today.
This week has been encouraging for the bulls as the domestic market brushed off the last week’s losses & ignoring the disappointment from the budget and the fear of coronavirus.After losing more than 4 % in the Budget week, markets registered a V-shape recovery in the post Budget rally amid positive global cues. The market ended on a positive note for the first four days of the week, while with profit booking yesterday dragged the Nifty below 12100 level.After falling by about 5% including the Budget Day losses in the week gone.Nifty managed to recover 437 points for the week ended on Friday . The large action was seen in the broader market space.Sensex rose 3.5 % while the Nifty rallied 3.75 %. Mid-cap index rose 5 % while the Small-cap index was up 3% for the weekend. “The mid and small baskets remain to be the center of attraction. There are as many stocks that rallied 10-40 % which include names like JSW Steel, Adani Green Energy, GE Power, JM Financial, Bajaj Electrical, Aurobindo Pharma, HEG, V-Mart, Shriram Transport, Honeywell Automation, and Shilpa Medicare etc. M&M will announce its third-quarterly result today.
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