Small-cap stocks raked in big gains in fiscal 2021-22 by giving up to 36.64 per cent returns, outshining the bigger benchmark gauge and experts believe that they may continue to outperform in FY23. Markets faced many headwinds in the latter part of the last fiscal with the emergence of geopolitical tension, inflation concerns and FII selling. Analysts said that the first half of the last fiscal was very good, while the market entered into consolidation in the second half, combined with high volatility.
Investors' wealth jumped over Rs 59.75 lakh crore in the 2021-22 fiscal, helped by a largely buoyant trend in domestic stocks with benchmark index Sensex surging over 18 per cent during the period. Braving many headwinds in the latter part of the current fiscal, Sensex closed the 2021-22 financial year with a gain of 9,059.36 points or 18.29 per cent. Mirroring optimism in equities despite worries related to geopolitical tension, inflation concerns, FII selling, the market capitalisation of BSE-listed firms rallied by Rs 59,75,686.84 crore to Rs 2,64,06,501.38 crore in the entire 2021-22 fiscal.
Sensex rally was driven by Bajaj FinServ, Reliance Industries, Bajaj Finance, ICICI Bank, HDFC and Axis Bank. NSE Nifty climbed 326.50 points to end at 15,245.60.
HCL Tech was the top gainer in the Sensex pack, rising over 4 per cent, followed by HDFC Bank, Infosys, NTPC, Nestle India, TCS and HUL. NSE Nifty surged 337.80 points to 14,845.10.
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Bharti Airtel , RCom and Tata Communications ended down between 0.1-1%.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Markets under pressure; IT financials grab spotlight.
Gains were led by Tata Motors amid robust sales in June along with select financials.
The S&P BSE Sensex surged 160 points to close at 25,262.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Weak monsoon forecast rekindled fears of higher inflation.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
Markets end in the red, midcaps in focus
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Sensex climbs higher at close, bluechip stocks in focus.
Earning numbers of blue-chips, including ITC and SBI, due tomorrow.
The S&P BSE Sensex gained 115 points to end at 24,338 and the Nifty50 climbed 42 points to close at 7,404.
Technical rallies and short covering may arise only if the markets break this 500 point band
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Financials are the top gainers along with index heavyweights.
Nifty, which has struggled around 8550-8560 levels managed to blast past this resistance and close above the psychological mark of 8600.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Sectors such as Auto, Banks, Capital Goods, FMCG, Metal, Oil & Gas and Power are trading marginally lower.
Sensex rises, Nifty ends at record high; RIL shares rally.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
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