Weekly Market Insights: 20th February 2022
- AssetPlus
- Feb 20, 2022
- 1 min read
Updated: Oct 17, 2024
Small and midcaps continued correcting while large caps maintained stability. you can see our Weekly Market Insights to know the current movement.
Weekly Market Insights
Markets began the week on an extremely volatile note with headline indices down over 3% due to geopolitical tensions between Russia and Ukraine.
As the tension subsided, markets quickly bounced back with a relief rally.
Key events that will direct market sentiment in the coming days will be the ongoing developments around Russia-Ukraine
The week saw several smallcap stocks decline over 10%. The segment is starting to become a high-risk volatile investment with stretched valuations. Only quality names in the space will be able to withstand severe correction.
IT and auto witnessed gains while banking stocks ended the week in red, primarily led by PSU banks.