However, sharp upside was capped on positive global markets and decline in US treasury yields, said ICICI Direct.
Two, FIIs are continuously selling in the market; they have sold Rs 10300 crore worth equity in the last 5 days in the cash market.
The run up in many micro-caps and penny stocks has been totally irrational and likely to end in grief for many retail investors chasing these ‘cats and dogs’.