Last week witnessed a bullish spree with 50 smallcap stocks soaring 15-50%, outpacing the Sensex's third consecutive weekly gain. Bolstered by robust US markets and an IT surge, the Sensex rose 1.37%.
Notable gainers include Sharda Motor, Orient Green Power, and Tata Investment. Despite banking and oil & gas stocks facing setbacks due to RBI's stringent loan norms, the broader market outperformed.
The Nifty 50 climbed 1.58%, its best in two months. The positive momentum, fueled by softer US inflation data, hints at sustained upward trends. Stay tuned for further market dynamics in the coming weeks.