During the week, 67 smallcap stocks had a good run with double digit gains, higher than that of the previous week. In the preceding week, about 50 smallcaps rose in double digits.
BSE's barometer hit 66,000-levels for the first time but dropped more than 500 points from the day's high, while NSE's Nifty50 also topped 19,550-mark but lost more than 150 points from day's high.
In the recent rally (from the bottom) of March 2023 till date, the major contributors were automobile and banking counters, and considering the technical setup, there is still some steam left for a further upside which also confirms our bullishness in these sectors.