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The last week of June 2024 clearly belonged to the large cap indices with the small caps trailing the big brothers
It was a mixed week with banks and IT gaining; while oil, autos and FMCG showed stress
IT and FMCG tapered after the bull surge last week, but oil and autos held up the Nifty in positive territory
Despite the sharp fall on Tuesday, the Nifty and Sensex close the week with robust gains of over 3%
Defence was the undisputed king of May 2023, followed by CPSEs and MNCs as strong themes
In a week when markets corrected sharply, it was the banking sector that surprisingly held out strong
Almost all the key sectors ended the week in the positive, but the markets are surely defying logic
Oil & gas and autos were the stars of the week, even as banks mirrored the Nifty and Sensex gains
While generic indices were all down this week, auto and FMCG index showed a sharp upturn
Nifty and Sensex rallied after the VIX fell, but the real action was in the mid and small cap stocks
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