Markets stayed quite volatile trading between an important range of 16837 (support) & 17794 (resistance). We may see a break-out on either sides if & when there are clear cues. FII turned buyers after quite a while on 11 Feb 2022. Amongst sectors, METALS soared with (+3.33%) while there was nothing much to talk about others. The IT sector has now had a decent correction with a drawdown of (-12.6%) from the recently achieved peak on 04 Jan 2022. On the monthly performance, METALS & PSU BANKS stayed relatively strong to collect about 7% each.
Smallcap 250 index fell by close to 4% this week which had a strong impact on our Mid & Smallcap based Smallcases. With about 50 days to go in the current FY, we hope markets will be kind enough to give us some momentum and help us finish on a big high. The performance metrics are tabulated below.
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