Startup news and updates: Daily roundup (Oct 25, 2023) yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Despite the weakness in the frontline market, the smaller stocks showed strength during the week. However, if the frontline stocks continue to fall going forward, smaller stocks can witness some correction.
In the midcap segment, only Supreme Industries rose in double-digits with 13% gain. New India Assurance and Crisil were distant close, with 9% and 7% gains, respectively.Among the Sensex pack, Nestle India topped the charts with 3.07% returns, followed by Ultratech at 1.07% and Power Grid at 0.6%.
In terms of levels, 19550 – 19500 is the crucial support zone while 19640 – 19660 shall act as an immediate hurdle zone, says Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.