Even though the small and mid-cap companies under-performed but experts predict the 2021 budget to be beneficial.
The rising profit level in the close of the week dampened the bullish market sentiment when the S&P BSE Sensex inclined closer towards 50,000 with Nifty rising up at 14,600.
A very big difference was seen when the S&P BSE Midcap and Smallcap index were down and BSE gained 0.5% by the end of the week.
The week ended on Jan 15 also witnessed Nifty up by 0.6%. According to the experts, money movement form a broader market can be predicted after the 2021 budget.
There are approximately 32 stocks in the S&P BSE Smallcap Index rising up by 10-30% in a week.
The names that performed very well includes Tata Steel Products, Tata Metaliks Ltd., Anant Raj Ltd., Orchid Phrama Ltd., Energy Development Company Ltd.
Including Majesco Ltd., Visagar Polytex Ltd., Ejecta Marketing Ltd., Yamini Investments Ltd., and Himachal Fibers Ltd, became the top ten performers of the week.
Market momentum is expected by the experts with volatility in the upcoming week along with the reform plan by the government for 2021.
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