Broader markets underperform; Tata Elxsi, KPIT Technologies, Suzlon Energy lead midcap gainers
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The broader markets underperformed benchmark indices during the week ended October 16.
- ✓The Nifty Midcap 100 index rose 0.6 percent, led by Tata Elxsi, KPIT Technologies, and Suzlon Energy.
- ✓Meanwhile, the Nifty IT index surged 11.7 percent.
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- MARKET
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- Moneycontrol
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- 5 Minute(s)
- Market Focus
- India Economy
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The broader markets underperformed the benchmark indices during the week ended October 16, with the Nifty Midcap 100 index rising 0.6 percent, while the Nifty Smallcap 100 index ended marginally lower, declining around 0.1 percent.
For the week, the BSE Sensex rose 2256.94 points, or 3.11%, to 74,729.27, while the Nifty50 rose 625.7 points, or 2.77%, to 23,146.15.
The Nifty Midcap 100 index rose 0.6 percent during the week, led by gains in Tata Elxsi, KPIT Technologies, Suzlon Energy, Waaree Energies, UPL, Havells India, Hero MotoCorp, Hindustan Petroleum Corporation and Prestige Estates Projects. On the other hand, Yes Bank, ICICI Prudential Asset Management Company, Fortis Healthcare, Exide Industries, GE Vernova T&D India, LIC Housing Finance and Hitachi Energy India emerged among the key laggards.
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