Market watchers believe that subdued global cues, intense selling by foreign institutional investors (FIIs) and risk-off sentiment across the globe amid fear of tightening by the US Fed dampened the mood in the domestic equity market.
At a time when the weak broader market subdued the Indian equity market consistently, several stocks on the BSE turned multibagger since the start of the calendar year 2022.Notably, more than 10 BSE-listed microcap stocks have managed to .
At a time when the weak broader market subdued the Indian equity market consistently, several stocks on the BSE turned multibagger since the start of the calendar year 2022.
Market Movers: HCL Tech, Tech Mahindra, Infosys rally up to 5%; 17 stocks flash ‘buy’ signal
Synopsis
As many as 25 components in the Sensex pack ended the day in green with HCL Technologies gaining the most.
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In the broader market, the BSE Smallcap and Midcap indices underperformed largecaps.
NEW DELHI: Shares of Shipping Corporation of India got traction on Tuesday after reports that the government has invited bids for privatising the state-run company this week. On the other hand, midcaps managed to outpace smallcaps and largecaps in the broader market.
Overall, the benchmark equity indices resumed their upward journey due to buying in IT, banking, engineering and telecom counters. The 30-share BSE Sensex closed nearly 453 points, or 0.99 per cent, up at 46,006. Similarly, the NSE Nifty index gained 138 points, or 1.03 per cent, to 13,466.