These smallcaps gain between 10-33% in volatile week

BSE Indices Report Mixed Performance in Volatile Week

The broader indices displayed mixed performance in the last week of November, with the BSE small-cap index finishing with no change, while the midcap index rose more than 1 percent.

Weekly Performance

• BSE Sensex index rose 474.75 points or 0.55 percent to end at 85,706.67.
• Nifty50 jumped 134.8 points or 0.51 percent to end at 26,202.95.

Monthly Performance

• BSE midcap ended on a flat note for the month of November.
• Largecap index jumped 1.4 percent.
• Smallcap index shed more than 3 percent.

Market Insights

Foreign Institutional Investors (FIIs) sold equities worth Rs 3659 crore for the week, while Domestic Institutional Investors (DII) continued their buying as they purchased equities worth Rs 22,762.62 crore.

However, FIIs continued their selling for the fifth consecutive month, selling equities worth Rs 17,500.31 crore in November. On the other hand, DIIs extended their buying streak to 28 straight months, purchasing equities worth over Rs 77,000 crore.

Sectoral Performance

• BSE PSU Bank, Private Bank, Metal, Financial Services, Information Technology, and Healthcare added 1 percent each.
• BSE Oil & Gas and Telecommunications shed 1 percent each.

Expert Insights

According to Vinod Nair, Head of Research, Geojit Investments, Indian equities navigated a highly eventful week characterised by alternating phases of volatility and resilience, ultimately closing the week on a positive note.

"Despite early pressure from a weakening rupee and continued FII outflows, sentiment improved mid-week as robust domestic inflows and increasing confidence in forthcoming Fed policy easing rekindled buying interest, driving a broad-based market rebound," said Nair.

Market Outlook

Nair added that the medium-term outlook remains positive, with robust GDP momentum and improving credit growth providing a solid backdrop for earnings acceleration in H2.

However, pockets of short-term volatility may persist, influenced by global cues and central bank policy announcements.

Stock Performance

• The BSE Small-cap index ended on a flat note.
• Best Agrolife, Bigbloc Construction, 63 Moons Technologies, VLS Finance, Fischer Medical Ventures, JSW Holdings, Hazoor Multi Projects, Spectrum Electrical Industries, Nectar Lifesciences, and Lumax Auto Technologies rose between 15-34 percent.
• Magellanic Cloud, Worth Investment & Trading, Antelopus Selan Energy, Ceinsys Tech, Blue Cloud Softech Solutions, Stallion India Fluorochemicals, VTM, Kernex Microsystems (India), Suratwwala Business Group, Allcargo Logistics, Transformers and Rectifiers India, Chennai Petroleum Corporation, Apex Frozen Foods, and Oswal Pumps fell between 10-51 percent.

Nifty50 Outlook

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said that the market signal continuation of choppy movement in the market after a stellar rally on Wednesday.

The underlying uptrend of Nifty remains intact, and the present choppy movement could eventually result in another round of sharp breakout soon in the market.

Rajesh Bhosale, Equity Technical Analyst, Angel One, added that Nifty has finally recorded a fresh new high, but despite this milestone, there was no major celebration on the street, as markets continued to consolidate around the 26300 zone.

Going ahead, the midpoint of Wednesday's bullish candle around 26000 is likely to act as immediate support, while the lower end of the candle near 25850 marks a strong structural base, coinciding with the previous week's low.

On the higher side, once Nifty sustains above 26300, we expect the index to witness broad-based buying momentum and head towards 26500 – 26700 levels in the near term.