Business News Desk -The process of setting new record levels in the stock market continued last week also. The market set a new record for the second consecutive week. Last week, large cap stocks led the market. At the same time, many small and medium stocks made good profits for the investors. According to the data, this week there were about 50 such stocks where investors got double digit returns. The stock has seen a maximum increase of about 60 percent during the week. That means, the Rs 1 lakh invested by the investor in this share a week ago has now increased to around Rs 1.6 lakh.
How was the market performance?
Last week, the market witnessed growth for the third consecutive week. During this period, Sensex closed at 85571.85 with a gain of 1027 points or 1.22 percent and Nifty closed at 26,179 with a gain of 388 points or 1.5 percent. Large cap index has seen an increase of 1.5 percent during the week. There was a gain of less than one percent in midcap. Whereas the smallcap index closed flat. On September 27, BSE Sensex and Nifty recorded new all-time highs of 85978 and 26277. During this period all sectoral indices remained in the green zone. The highest increase of 7 percent was recorded in the Metal Index and 5 percent increase in the Oil and Gas Index.
Where was the big money made?
During the week, about 50 shares saw a rise of more than 10 percent. 9 stocks rose by more than 25 percent. Two stocks rose by more than 30 percent and one stock rose by more than 50 percent. The biggest gainers during the week were Zee Media Corporation (59 per cent), Refex Industries (37 per cent), Sri Rayalaseema High Strength (29 per cent), BF Utilities (28.5 per cent), Reliance Power (27.5 per cent). Apart from this, investors also earned more than 20 percent in PC Jeweller, Pratap Snacks.
