Markets
CarTrade leads new-age stocks, up 23% in a week as 54 of 69 tracked names gain
Foreign buying, Q2 earnings and lower crude helped the Inc42 basket, while the Nifty Midcap 100 rose 5.8%.
In short
+23.3%CarTrade's weekly gain, to ₹2,699.30
- Gainers: 54 of 69
- Midcap 100: +5.8%
- Smallcap 100: +2.8%
The rally
Inc42 says 54 of the 69 listed new-age tech companies it tracks gained for the week, by between 0.4% and 23.3%. CarTrade topped the list, bouncing 23.3% to ₹2,699.30 after a steep fall the week before.
The Nifty Midcap 100 rose 5.8% and the Smallcap 100 rose 2.8%.
Why
Analysts credited returning foreign investor buying, strong Q2 FY27 earnings, easing geopolitical worries and lower crude oil prices. As always with week-long moves, some of the gains follow earlier losses, so they are not a forecast.
Read the original reporting
Inc42↗
