70 small cap stocks gave returns ranging from 10 to 40%

Ahmedabad: The BSE mid-cap index closed the weekend higher by 1.5 per cent on a weekly basis, while the small-cap index ended flat after hitting a fresh record high in the week ended June 21.

Similarly, the large cap index also closed flat. In comparison, on a weekly basis, the Sensex closed up 0.28 per cent while the Nifty closed up 0.15 per cent. Last week, 70 small cap stocks gave returns ranging from 10 to 40 per cent. Mixed global cues, slow progress of monsoon, expectations about the upcoming Union Budget and FII investment inflows are responsible for the marginal rise in the indices. Talking about the sectoral index, the Nifty Bank index registered a rise of 3 per cent on a weekly basis. Apart from this, the IT index closed up 2 per cent while the metal index closed up 1 per cent. On the other hand, the Nifty Auto index fell 2.5 per cent, while the FMCG, Oil & Gas and Pharma indices closed down 2 per cent.