stock taking

Several opportunities but volatility ahead

The Market continued to remain under pressure and gained momentum in the fall during the week. The Sensex lost 966.32 points or 2.82 per cent to close at 33,349.31 points. The Nifty lost 273.55 points or 2.65 per cent to close at 10,030.00 points. The broader markets saw BSE100, BSE200 and BSE500 lose 2.55, 2.48 and 2.57 per cent respectively.

Allow the market to settle down before jumping in

The markets saw extreme volatility and lost on four of the five trading sessions on the back of global cues and the after-effects of LTCG. The Dow Jones and bond yields shook global markets and literally rattled them. The Dow Jones lost 1,330.06 points, or 5.50 per cent, to close at 24,190.90 points.

Remain light, sell on rallies

The market remained on a roll and made fresh highs. To add to the momentum, FPIs, who had been sellers for quite some time, turned buyers as well. The momentum in mid-cap and small-cap stocks saw them outperforming the benchmark indices. The Sensex gained 528.34 points, or 1.57 per cent, while he Nifty gained 129.45 points, or 1.24 perĀ  cent. The BSE Midcap Index gained 2 per cent while the BSE Smallcap was up 3.09 per cent.