The BSE smallcap index rallied nearly 10%, while the midcap index jumped over 7%. Within the smallcap space, over 500 stocks have delivered double-digit returns with the highest gain (Puravankara) going as high as 86%.
Aditya Agarwala of Invest4edu discusses market insights including key levels for Nifty and Bank Nifty. He anticipates resistance at 50,000 on Bank Nifty and a potential new all-time high for Nifty around 23,000. Aurobindo Pharma is one of his picks. At current levels, one can initiate fresh long in the stock for a target of Rs 1,300 on the upside with a stop loss at Rs 1,120 on the downside. The second stock is Astral. This is one stock which has clearly bucked the trend and has been making higher highs and higher lows.
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