The equity markets closed deep in red on the weekly expiry day and ended down over 2 per cent due to weak global cues. The benchmark indices opened higher as a reaction to the rate hike by the US Fed, but couldn’t hold the gains for long and traded lower as the trading session ended.

Apcotex Industries has given gravity-defying 59 per cent returns YTD which has outperformed the market. For the same period, the benchmark index Sensex has tumbled 11.2 per cent and S&P BSE Smallcap has lost 15.96 per cent. 

 Indices witnessed severe profit-booking as Nifty plunged over 2 per cent while Sensex shredded 1,045 points. Nifty Midcap and Nifty Smallcap slipped over 2.34 per cent & 3.42 per cent, respectively.  

All the sectoral indices were trading downwards with BSE Realty being one of the hardest-hit sectors. In spite of that, the shares of this real estate company soared over 10 per cent.

Timken India Ltd, primarily engaged in the manufacturing of bearings, has delivered phenomenal returns for its shareholders in the past thirty days. From May 15 to June 15 2022, the scrip has jumped from Rs 1,866.45 to Rs 2,439.35, making a simple return of 30.7 per cent. The huge upside was mainly driven by the robust Q4 and FY22 results. 

Airline stocks traded mixed after jet fuel hits an all-time high. In the commodity market, yellow metal extends gains while silver tops Rs 61,000 on MCX. 

Let us find out which shares gained momentum on Thursday afternoon:

With a bearish bias, markets have been trading in a range. Regardless, several companies have achieved the golden crossing. Continue reading to learn more.

While the global economy is expected to slow down, dampening the prospects of a durable equity market rally in 2022, we find that there are several stocks, which have caught investors' attention with their extraordinary performance. 

In the morning trade, the major equity indices dramatically pared early gains. After falling for the last four trading sessions, the stocks of private banks witnessed some bargain buying. The shares of Ramco Systems jumped over 12 per cent. Besides, the shares of Pearl Polymers surged more than 8 per cent during today’s trading session.