Indices witnessed profit booking towards the end of the session ahead of the key US Fed event. Nifty slipped a quarter per cent to close just below the 15,700-support level while Sensex lost 152 points.

BSE Smallcap index outperformed broader markets by gaining 0.54 per cent to close at 25,078.55.

In tune with the government’s various policies to support the development of both urban and rural infrastructure and provide a boost to the agriculture sector, the demand for pipes and fittings is bound to grow, says Niraj Kedia, CFO, Finolex Industries.

An investment of Rs 1 lakh in this company’s shares last year would have turned to Rs 3.8 lakh today.

Bajaj Finserv Ltd, Bajaj Finance Ltd, and Maruti are trading up, with Hindustan Unilever Ltd in the news.

The shares of Gensol Engineering have rallied today; hitting an all-time high of Rs 485 during Wednesday’s trading session. The stock is up by almost 5 per cent today. It has delivered returns of 622 per cent over a six-month period Furthermore, the stock has zoomed by 878 per cent in one year.  

Genesys International Corporation, a leader in 3D Mapping content and geospatial solutions announced a Rs 250 crore round of equity investment, which is intended to accelerate the company's 3D Digital Twin Content Program. The content platform which was launched by NITI AAYOG is creating the most state of art mapping content for India thanks to the landmark new geospatial policy. The well-received investment round was led by Malabar India Fund with participation from other marquee investors. The proposal was approved at the meeting of the Board of Directors held on Wednesday. 

The shares of Life Insurance Corporation which were down by almost 30 per cent from the issue price have shown some signs of recovery.   

BSE Sensex tumbled more than 11 per cent on a YTD basis. While the large-caps have slipped, we find that several small-caps, micro-caps, and penny stocks have outperformed the markets in 2022. It seems that 2022 belongs to the broader markets. Usually, small-caps tend to correct more than the large-caps; however, the small-caps are seen correcting in line with the key benchmark index.  

BSE Sensex tanked over 15 per cent since it made an all-time high in October. BSE Smallcap index, in the meantime, plunged 15 per cent; thus, performing in line with the key benchmark index.