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Market gains 2% led by oil & gas, banks; 122 small-cap stocks rise 10-38%

Indian market kicked start the year 2022 on a robust note with 2 percent gain supported by banking and oil and gas stocks, despite rising concern over the COVID infections and a Hawkish FOMC stance. The BSE 30 and NSE 50 indices inched up by 2.6 percent each during the week,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities. Surging Omicron cases and stricter restrictions kept the market highly volatile throughout the week,” said Vinod Nair, Head of Research at Geojit Financial Services.

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