Weekly Dossier | Rupen Rajguru, Harsha Upadhyaya & others on market trends, investment strategy
The long-term outlook for the market is positive, however, occasional profit-booking cannot be ruled out. February 13, 2021 / 11:32 AM IST
The Indian market ended in the green for the second consecutive week despite visible signs of profit-booking. Equity benchmarks the Sensex and the Nifty rose about two percent for the week compared to the 2.5 percent gain in the S&P BSE midcap index and 2.7 percent for the smallcap index.
The Budget momentum continued for the second consecutive week in a row, especially in the small and midcap space which are a play on the big Capex spend from the government.
Weekly Dossier | Pramod Gubbi, Nischal Maheshwari, Nilesh Shah & others on market trends
The S&P BSE Sensex fell 0.3 percent, while the Nifty50 was down by 0.4 percent in the week gone by but a bigger cut was seen in the small and midcaps.
Representative image | Source: Pixabay
The S&P BSE Sensex climbed mount 50k and the Nifty50 breached 14,750 in the week gone by but profit-taking towards the end pushed the indices in the red.
The S&P BSE Sensex fell 0.3 percent and the Nifty50 0.4 percent but it were the small and midcap that took a hard knock. The BSE midcap index fell 0.7 percent and the smallcap index was down 1.3 percent for the week ended January 22.