Real test of the rally in this segment will be the upcoming result season.
Oil tanked to a 7-year low as OPEC decided to maintain production.
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Close to 50 companies have announced stock splits this year so far, something experts say is typical in a bull phase.
The reason is believed to be a 19% increase in interest cost.
Volatility might continue as the Chinese market is expected to open sharply lower, following a long break
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
The BSE MidCap and SmallCap indices during this period have outperformed the blue-chip indices.
Short-covering and the propping up of net asset values have potential to boost frontline as well as second-rung names next week
Sensex catapults 1,241 points and Nifty vaults 382 points in two sessions in a row.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
But experts say downside limited, pockets of opportunities for investors
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