BSE Smallcap index massively underperformed broader markets plunging 2.95 per cent to close at 23,422.16.

Indices traded with volatility throughout the day while Nifty closed higher by 0.37 per cent. Sensex gained about 237 points while Nifty Midcap and Nifty Smallcap witnessed heavy profit booking as they plunged 2.26 per cent & 3.20 per cent, respectively.  

The last two years have augured well for the chemical manufacturing companies, with many of them delivering multibagger returns to their investors.

Considering the yearly performance, the net profit soared 57.71 per cent to Rs 23,709 crore and company approved the interim dividend of Rs 31.5 per equity share i.e. 3,150 per cent on the face value of Re 1.

For the year 2021-22, we’re happy to share that the company has grown in all business segments in terms of revenue, expresses S Shafiulla, Chief Financial Officer, Visaka Industries Ltd. 

Nifty 50 has fallen over 18 per cent from its all-time high and continues to fall. In such a negative environment, we have selected stocks to avoid. Continue reading to learn more.

As the week opened on a flat note, these stocks are showing positive traction on a Monday afternoon! 

However, concerns about inflation, rising interest rates, and the possibility of a worldwide recession continue to remain in focus. In terms of sectoral indices on NSE, the FMCG and financial services sectors were marginally higher while metals nosedived 4 per cent, followed by Nifty IT, media, realty, banking, oil & gas stocks. 

After a sharp decline, Bank Nifty was able to close in the green on Friday. It closed at the lowest level after May 2021, which is below the prior swing low.

This is because the entire concept of trading options and selecting the right strategies depends upon the concept of volatility & pricing.