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After 2 straight months of underperformance, the midcap and smallcap indices massively outperformed the benchmark Nifty in the month of April. The Nifty Midcap index jumped 5.8% while the Nifty Smallcap index surged 11.4% in the previous month. In comparison, the benchmark Nifty was up 1.24%. ....
Rajesh Palviya of Axis Securities analyzes market volatility, election impact, stock picks like Escorts, Raymond, and Trent, emphasizing breakout patterns, potential targets, and stop loss levels for trading in the current market scenario. ....
Selloff in mid-cap, small-cap stocks affected IPOs listing gain predictability. Market volatility, stretched valuations, March decline in NSE s Mid-cap 150, Small-cap 250 indices influenced debut performances. JG Chemicals, RK Swamy, Gopal Snacks, Popular Vehicles, and Krystal Integrated closed below their IPO prices on the opening day. ....
Amit Khurana, Head of Equities at Dolat Capital, expects a broader correction of up to double digits on the Nifty. PSU banks have been downgraded due to mean reversion in credit costs. Some pockets of the PSU universe, such as city gas distribution companies, still offer value. Shriram Finance is viewed positively. ....