Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
Markets taking cue on future rate cuts from RBI policy.
Analysts say that the focus now shifts to global events
RBI is expected to slash rates by 150 basis points till end-December 2016.
Here are 10 global and domestic factors.
Analysts attribute this volatility to selling by FPIs and FIIs.
Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
There are a few factors that can spoil the party
FIIs have offloaded stocks worth Rs 13,110 crore
This weakness is likely to continue in the near-term.
Slow pace of reforms in India is disappointing: Faber
Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
Only six sectors are likely to report good set of numbers in Q4 FY15.
The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.
Global events will continue to be in the limelight, besides domestic policy.
Real test of the rally in this segment will be the upcoming result season.
Ashok Leyland, ITD Cementation India have more than doubled.
Pharma stocks have performed well after Budget
Hike in planned public-sector capital expenditure will be credit-positive for infra cos