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This week's spotlight was on energy and gold, both experiencing significant price movements. The benchmark indices traded near the all-time highs, small stocks had a free run
The recent consolidation in Nifty amid weak global cues indicates time-wise correction and traders should maintain a positive bias until the Nifty holds 22,200 level, sayd Ajit Mishra, SVP - Technical Research, Religare Broking.
The strong rally in smallcap stocks drove the BSE Smallcap index 6% higher last week. Meanwhile, benchmark S&P BSE Sensex gave just 0.8% returns.
CLSA Global Markets PTE acquired 2,72,10,507 shares, a 2.88 percent stake at an average price of Rs 69.16 in Edelweiss Financial Services.
The selling in this space intensified this week after capital market regulator SEBI raised concerns over the steep run in the midcap and smallcap stocks and the unprecedented inflows that these funds have also seen in the last one year.