The benchmark indices managed to eke out gains, amid buying in index heavyweight RIL, bank and auto stocks
Amongst all our equity indices, the smallcap index has given the highest two-year SIP returns rising above 75 per cent
'Earnings racing off a cliff have some upside risk and low-interest rates will support relatively high valuations'
Hindustan Copper, Aarti Drugs, Dixon Technology, APL Apollo Tubes, Laurus Labs and Affle India, meanwhile, zoomed over 400 per cent during FY21
Nifty Mid and Small caps 100 are showing strong upside.
Apollo Tyres, Ceat, Can Fin Homes, GIC Housing and Gruh Financealso hit new highs
Manappuram Finance, Sunil Hitech, Delta Corp, Shalimar Paints and Century Textiles were down more than 30% each
Swan Energy, Accelya Kale, Marksans Pharma, Morepen Lab and Sudarshan Chemicals were among 70 stocks gain over 20% from their respective intra-day lows.
Around 53 stocks from smallcap index hit a 52-week highs, of these 34 stocks touch their respective record highs.
Ramco Ind, Sequent Scientific, BF Investment, J B Chem, Kalyani Investment and Tata Investment rallied over 10% each on Wednesday.