BSE Smallcap index underperformed broader markets to close in the red territory at 24,133.88 with losses of 0.88 per cent.

Indices closed lower for the sixth consecutive day and ended the week on a bearish note. Nifty slipped about 0.44 per cent.

On YTD, the benchmark index Sensex has lost 13.42 per cent, while S&P BSE Energy has gained just 1.63 per cent compared to CPCL’s stellar performance on the bourses, which has seen a surge of 210 per cent.

Orient Bell Ltd, unlike its name, is engaged in the business of ceramics and floor tiles and has delivered phenomenal returns for its shareholders in the past thirty days. From May 17 to June 16 2022, the scrip has jumped from Rs 458.45 to Rs 598.65, making a simple return of 30.6 per cent. The huge upside was mainly driven by the robust Q4 and FY22 results.

Galactico Corporate Services Ltd, primarily engaged in providing financial services, has delivered phenomenal returns for its shareholders in the past thirty days. From May 17 to June 16 2022, the scrip has jumped from Rs 11.25 to Rs 28.45, making a simple return of 152.8 per cent. Even today, on June 17, this penny stock has hit the upper circuit of 5 per cent to create a fresh 52-week high of Rs 29.85.

Although the shares of today's mid-day movers recently hit their respective 52-week lows, today they are soaring on the bourses! 

Markets have been drifting lower for a long time, providing opportunities to purchase excellent companies at a discount. Continue reading to learn more about such stocks.

On Friday, markets opened in red intensifying their downtrend from Thursday. With markets in bear grip, the unconvinced bulls are looking at important levels of 15,000 Nifty for support. Nifty made an intraday low of 15,183 levels on Friday and is seen trading in a volatile manner. 

The domestic equities market got off to a shaky start on Friday with broader indices slipping in the early trade due to weak global indications. The sharp sell-off in the United States was caused by negative global cues as investors' enthusiasm for equities worsened following the release of US inflation data.

Silver Pearl Hospitality & Luxury Spaces Limited became the 375th company to get listed on the BSE SME Platform on June 17, 2022. The company came out with an initial public offering of 50,00,000 Equity Shares of Rs.10 each for cash at a price of Rs. 18 per equity share , aggregating to Rs. 9.00 crore. The company has successfully completed its public issue on June 09, 2022.