
The last week was a week of sharp decline in the stock market when the major indexes broke important levels with a sharp fall. The market has been shocked by the decisions of US President Trump. However, amidst all this, stock specific action was also seen and many companies performed differently from the market direction. Small stocks were at the forefront in this. Last week, there were many small cap stocks where investors earned double digits. Take a look at how the business was this week.
How was the trading last week
? This week the market witnessed a big decline. The Sensex closed at 75,364.69, down 2050.23 points or 2.64 percent, while the Nifty 50 index slipped 614.9 points or 2.61 percent to close at 22,904.45. During the week, the BSE Largecap and Midcap index fell by 2.5 percent, while the BSE Smallcap index fell 1.6 percent. At the sectoral level, Nifty IT recorded its biggest weekly decline since the pandemic, falling 9 percent, due to fears of a global recession. Apart from this, the Nifty Metal Index fell by 7.5 percent, the Nifty Oil and Gas Index by 4 percent, and the Nifty Realty and Auto Index by 3 percent. This week FIIs became net sellers by selling shares worth Rs 13,730.49 crore while domestic investors bought shares worth Rs 5,632.56 crore. Where did the earnings happen? During the week, 12 stocks closed with gains of more than 20 per cent. Out of these, 5 stocks rose by more than 30 per cent. More than 35 stocks gained more than 15 per cent. During this period, Hester Biosciences gained more than 46 per cent, Baazar Style Retail by 37 per cent, Primo Chemicals by 36 per cent, Shiva Cement by 35 per cent, Valiant Organics by 35 per cent, Nacl Industries by 29 per cent.
Read More: US Market: Sharp decline in US stock market, Dow falls by 1100 points, what is the reason?
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