Smallcap stocks witness a surprising rally, adding Rs 4 lakh crore in four days, though many stocks remain significantly below their peaks. Experts urge caution as valuations are still high and market sentiment remains fragile. Investors are advised to focus on fundamentally strong largecaps for better risk-adjusted returns and remain selective in smallcap investments.
Stocks including Suraksha Diagnostic, Afcons Infra, Dr Reddy's Labs, RITES, Canara Bank, Ola Electric, Waaree Energies, Nykaa and more will be in the spotlight on Friday, December 06.
The Nifty index ended its 14-day winning streak, falling 0.32% to 25,198 due to global market concerns and U.S. economic uncertainty. Analysts suggest a "buy on dips" strategy while maintaining support at 25,000-25,100, with potential resistance at 25,300-25,500.