231 smallcaps suffer double-digit losses as investors sell in May . Will they come back in June? The stock market cliche of sell in May and go away proved true this year amid general election uncertainties. Concerns over BJP s election performance and significant volatility affected investor sentiments. Benchmark indices like Sensex and Nifty experienced slight declines.
Top Gainers and Losers today on 30 May, 2024: ICICI Bank, Axis Bank, Tata Steel, Tech Mahindra among most active stocks; Check full list here livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Despite a flat performance over the last week, the Indian market has shown robust growth, soaring by 42% over the past year with earnings expected to grow by 17% annually. In such an optimistic environment, companies with high insider ownership can be particularly compelling as this often reflects confidence from those who know the business best.