The BSE500 index saw 10-30% gain in 28 stocks, decline in metal and PSU remained in the lead.

Mumbai. Due to the increasing cases of Corona, the lockdown in different states and the rise in commodity prices in the US saw the rein in Dalar Street in the hands of Beers. Due to the rising prospects of interest rates amid rising inflation, the market remained weak. Due to this, the Sensex and Nifty closed yesterday below their key support levels. Sensex and Nifty closed down nearly 1 percent this week. The Sensex and Nifty have closed down nearly 1 per cent in the week ending May 14. While the BSE Mid Cap index closed down 0.49 per cent and the BSE Small Cap Index closed down 0.48 per cent. So far, the small and mid-cap indices have performed better than the Sensex and the Nifty. Experts say that in the coming week, even small medium stocks will continue to perform comparatively better. Major stockThere are about 28 such stocks in the S&P BSE 500 index, which saw a growth of 10–30 per cent in the week ended 14 May. These include BEML, Wockhardt, Suzlon Energy, Indian Bank, SpiceJet, Birla Corp, PTC India, Omaxe, and Venkys India Ltd. If we look at the different sectors, the week ended May 14 saw an increase of more than 2 percent in the capital goods, power, infra as well as utilities. At the same time, profits were seen in IT, banks, realty. Metal sector declined Rashmik Ojha of Kotak Securities says that since the beginning of this year, the metal index, which has shown tremendous growth so far, saw a decline of 4 percent this week. On the other hand, BSE Capital Goods saw a growth of 4%. While BSE utilities saw a gain of 2.7 per cent.
Also read- What is the opinion of veterans on this stock included in Rakesh Jhunjhunwala’s portfolio after the quarterly results PSU stock this week’s big gainer He further said that PSU stock remained in the big gainers this week. He further stated that the lockdown implemented in different states due to corona is not having the same effect this time as it was in the previous nation wide lockdown. Rasmic Ojha also says that the stability of the 10-year bond yield and the strength of the Indian currency are also helping the Indian market. Technical view Technical experts believe that the Nifty is consolidating between 14,400 on the down side and 14,900-15000 on the upside. If the Nifty slips around 14,400, it will be a buying opportunity for traders. What will be the trend of the market Dharmesh Shah of ICICIdirect says that in the coming week, the Nifty may consolidate in the range of 14400-14900. During this time, stock specific action can be seen in the market. While there is a possibility of touching the 5,400 level in the medium term of Nifty. Dharmesh Shah recommends investing in BSI infra and consumption stocks. They also say that the recent profit recovery in metal stocks is now giving a good opportunity to buy again in these stocks. Large cap shares preferred by Dharmesh Shah include HDFC Ltd, Reliance Industries, Titan Company, Berger Paints, Tata Motors, SAIL. While midcap stocks are Bata India, Ipca Laboratories, Astral Poly, SKF Bearing, KNR Constructions, Dhanuka, GPPL, Philips Carbon are their preferred stocks. Also read- Learning from Corona: Why financial planning is important, top 5 investment options, why it is the best and safest

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