What’s hot

Banking companies were in demand during the fortnight. IDBI Bank, UCO Bank, Andhra Bank and Union Bank of India advanced 30%, 14%, 11% and 8%, respectively. United Bank of India and Axis Bank rose 6% each.

 

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What’s not

Auto component companies were punished. Castex Technologies, Motherson Sumi Systems, Bharat Forge and Sundram Fasteners declined 30%, 12%, 11% and 9%, respectively. 

 

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ML sectoral trends

Shares of retail companies, office equipment companies and banking companies advanced 7%, 5% and 4%, respectively. Shares of farm & farm inputs companies and consumer products companies fell 2% each. Stocks of auto-components companies and steel companies declined 4% and 3%, respectively.

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