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Let's make informed investment choices
Let's make informed investment choices
The recently experienced stock market's dramatic downturn, particularly affecting overvalued sectors like renewable energy and PSU stocks, which had surged on speculation. As investors faced substantial losses, the importance of fundamentals became evident. This correction serves as a reminder of the volatility in stock investing and the necessity for diligent research.
The market has seen broad-based growth, with all sectors participating in the rally. Key gainers with market capitalization of ₹1,000 crore or more include Kellton Tech, Mukka Proteins, and RVNL. IT, energy, and manufacturing companies have shown positive stock performance, with IT seeing a notable turnaround and ONGC, ITC, and HUL providing strong returns.
As the Full Budget day approaches, the market is euphoric with indices hitting new all-time highs. Nifty 50 closed at 24,502 and BSE Sensex at 80,519 points. In the currently weekly market roundup, top gainers included Modipon, SPA Capital, Skyline Ventures, RSD Finance, and Mahaan Foods. Shipping stocks saw a positive trend, and IT software companies gained favor after TCS's Q1FY25 results.