The broader market delivered a mixed performance this week, but smallcap stocks emerged as clear outperformers, with nearly 100 counters rallying up to 46 percent. Despite pressure on benchmark indices, the smallcap space showed resilience amid stock specific buying.Sensex and Nifty Close Lower Amid IT Selloff
In a volatile trading week, the BSE Sensex declined 953.64 points, or 1.14 percent, to close at 82,626.76. The Nifty50 fell 222.6 points, or 0.86 percent, to end at 25,471.10.Heavy selling in technology stocks weighed on the benchmarks. The Nifty IT index dropped more than 8 percent during the week. The Nifty Energy and Oil and Gas indices fell around 2 percent each, while the Nifty FMCG index slipped nearly 2 percent.On the...