Small-cap stocks gained big during this week. Explore More>>
Despite challenges, Indian markets rebounded during this week. GDP and Manufacturing PMI data boosted the confidence of traders and investors.
The BSE Mid-cap index soared by 2.3% while the BSE Small-cap index led with a 3.8% surge. On the other hand, the BSE Large-cap index gained 1%.
The BSE Metals and Realty indices gained 6% and 5.7% respectively. Positive performances were noted in the commodities, auto, capital goods, and power sectors.
Stocks like Railtel, India Pesticides, Optiemus, Infracom, HLV, Atul Auto, Gokaldas, Cerebra, Coffee Day, etc., gained between 25-46%.
FIIs sold equities worth Rs 4,311.58 crore. DIIs bought equities worth Rs 9,570.03 crore during the week. August showed FII selling and DII buying trends.
Nifty's double bottom hints at a rally with strong support at 19,350. Bank Nifty eyes key support at 44,200 and resistance at 44,700 and 45,000.