Sector not out of the woods yet, say analysts.
Investors clearly have faith in the ability of the Modi administration to continue with the reform process
The ride has been topsy-turvy in the midcap and smallcap space over the past week.
A normal monsoon will likely result in robust farm production and boost rural demand.
Midcaps are seeing a selloff. Activity in the derivatives space is indicative of the same.
After consolidating for three years, the FMCG sector is seeing a momentum pick up.
Open positions in Nifty's 10,000 call options rose by 32%, with the price jumping 4.2%.
“Stay cautious in the mid-cap space. A repeat 30-32% CAGR growth may not be easy again.”
Cipla reported a consolidated net loss of Rs 61.79 crore for the quarter ended March.
Nifty rollovers to the June series stood at 74 per cent, higher than the three-month average of 69 per cent.
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