While the global economy is expected to slow down, dampening the prospects of a durable equity market rally in 2022, we find that there are several stocks, which have caught investors' attention with their extraordinary performance. 

In the morning trade, the major equity indices dramatically pared early gains. After falling for the last four trading sessions, the stocks of private banks witnessed some bargain buying. The shares of Ramco Systems jumped over 12 per cent. Besides, the shares of Pearl Polymers surged more than 8 per cent during today’s trading session.  

At 10.30 am on Thursday, the benchmark indices, i.e. Sensex and Nifty 50 were trading marginally higher as amicable commentary by US Fed Chairman Jerome Powell boosted sentiments. Reliance Industries, banks, and IT stocks led the rally. Sensex was at 54,465.28 level, up by 186.88 points or 0.36 per cent higher while Nifty was at 15,729.70 level, up by 37.55 points or 0.24 per cent. 

At the pre-opening bell today, the frontline index S&P BSE Sensex opened at a gain of 807 points or 1.54 per cent.

Bank Nifty ends its three-day losing streak on Wednesday and settled with minuscule gains of 0.08 per cent for the day.  

It was seen roaring like a lion post witnessing a parabolic rise from Rs 7.75 to the level of Rs 72. The stock has hit multiple upper circuits on the way up. It zoomed over 800 per cent in just a span of 47 trading sessions.

Activity in the F&O market for the weekly expiry tomorrow shows 15000 to act as support now.

Markets have been falling owing to multiple global and local worries, yet under such circumstances, MFs are betting on behemoths like Infosys, HDFC Bank, and Reliance Industries. Continue reading to learn more.

Interestingly, Bitcoin has never managed to cross above its prior day's high in the last nine trading sessions and now, it slipped below the level that was last seen in the latter part of December 2020.   

At CMP of Rs 269.75, the shares of Ramco Systems have corrected significantly from its 52-week high logged almost a year ago at Rs 686. Investors should keep an eye on Ramco Systems to know if it continues today’s positive momentum.