Welspun Corp leads as over 10 Nifty 500 stocks gain 10-23% this week despite market volatility
New Delhi, Aug. 23 -- Welspun Corp., Jyoti CNC Automation, and Welspun Living were among nearly a dozen Nifty 500 stocks that have delivered double-digit gains this week, even as the broader market remained under pressure amid rising energy prices, turmoil in global bond markets, and persistent geopolitical uncertainty.
Growing tensions in the Middle East, coupled with the U.S. preparations to impose sweeping sanctions on Iran next week, pushed crude oil prices to a one-month high.
Meanwhile, global bond yields climbed to multi-decade highs as investors demanded greater compensation amid concerns over inflation and rising government debt levels.
The Nifty 50 extended its losing streak to seven consecutive sessions through Wednesday, ma...
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