This week was all about volatility & wild gaps with no continuation of trend on either side. While FIIs have continued to sell aggressively, domestic inflows have sort of kept the markets afloat. We are looking at positive cues globally for a potential up move going forward. Smallcaps took a beating , losing (-2.34%) while other benchmark indices stayed in the range of (-0.8%) to (-1.3%). Amongst the sectors, IT continued on it’s downtrend losing (-2.5%). IT has now fallen by a massive (-12.5%) in the last one month. There was some profit booking in ENERGY which has been on a tremendous up trend since quite a long time. Defensive sectors like FMCG clocking about 7% in the last month may not be the most encouraging sign but we will have to wait and see how markets go after this volatile phase. Whatever may be the scenario – We at WeekendInvesting are fully prepared to tackle any situation with time tested strategies that are designed to protect capital if and when markets enter a weak territory.
This week – WeekendInvesting strategies also took a beating with Smallcap based Smallcases facing maximum damage. We hope this choppiness will end and pave way for fresh up trends. Performance is updated below.
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