BSE Smallcap index tanks over 6% in one week; 87 stocks hit 52-week lows

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BSE Smallcap index tanks over 6% in one week; 87 stocks hit 52-week lows - Business Standard

Quick Summary:

The brokerage firm thinks the market is relatively insulated and could, to some extent, be a beneficiary of any change in trade policy by the incoming US administration.

Though rural demand shows signs of recovery, consumption in urban areas is muted, analysts at HSBC Global Research noted.

FIIs were net sellers of over Rs 7,000 crore on Thursday, and their cumulative selling in the past seven trading sessions has exceeded Rs 19,000 crore, raising concerns in the market.