Despite a market decline, six BSE smallcap stocks hit 52-week highs, with notable gains. Stocks include Choice International, SBFC Finance, and GRM Overseas, each showing strong momentum over the past month.
Indian benchmark indices declined for the second consecutive session, with the Sensex shedding nearly 600 points amid rising geopolitical tensions. Stocks like SBI Life and Dr. Lal PathLabs saw gains, while Motilal Oswal faced a sharp drop.
Rising India-Pakistan tensions have rattled investor sentiment, causing a sharp market selloff. Analysts say the impact appears short-term and sentiment-driven, with a potential rebound likely next week. Weak earnings momentum, particularly in IT and FMCG, adds to market concerns. Mid- and small-cap valuations remain stretched, and policy uncertainty is expected to keep equity market volatility elevated.
The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week.
Home appliances maker Orient Electric posted an over two-fold rise in fourth-quarter profit on Friday, helped by strong demand for its fans and air coolers with the onset of summer.
