While broader markets were flat, smallcaps faced pressure on the downside
U.S markets also continued falling with S&P down 2.9% and Nasdaq down 3.2%
Earnings release across various sectors are reflecting the effect of the war and supply chain disruptions of last quarter. Markets are volatile due to the same.
Markets may continue consolidating sideways for sometime. This is the time for investors to focus on capital appreciation and not on returns.
While most sectors ended the week flat or in red, IT stocks bore the brunt with poor earnings release. Auto stocks continued to show strong upside for the second week consecutively.
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