Equity markets in India closed slightly higher due to late buying. Realty index rose 1.10% and FMCG increased by 0.69%. On the contrary, metal, commodities, energy and financial services were the top laggards. HDFC Bank shares have corrected by nearly 5%, and the medium-term chart structure remains bullish. Chalet Hotels rallied over 15%, reaching its all-time high of INR450. Voltas shares, after a short-term correction, consolidated in the range of INR795 to INR810.
Investment for all seasons: A good actively managed fund
The brutal correction – some hot mid- and small-cap stocks are down nearly 50% from their peaks – has rattled many investors, especially new investors
February 11, 2025