14 BSE500 stocks offer double digit returns in the week gone by. What should investors do?

As many as 14 BSE500 stocks offered double digit weekly returns in the week gone by with Brightcom group leading the charts with 27% gain.

Three stocks, intellect design arena, Sanofi India, and Firstsource Solutions have delivered over 15% returns in the said period.

Other stocks which have given over 10% returns during the week include Greaves Cotton (13.75%), IndusInd Bank (12.56%), Triveni Turbine (12.19%), UNO Minda (11.69%), Zensar Technologies (11.40%), Cera Sanitaryware (11.23%), Glenmark Pharmaceuticals (11.20%), Jubilant Pharmova (10.75%), Chalet Hotels (10.54%), Cholamandalam Financial Holdings (10.11%).

In the smallcap pack, 52 stocks have offered double digit returns in what was a volatile week for Indian equity markets. Despite the volatility, benchmark indices ended in positive territory with Sensex and Nifty gaining 0.75% each.

Among the smallcap pack, Jai Balaji Industries has given the highest returns with a 34% rally, followed by Brightcom Group, which has risen about 27%, and Onward Technologies, whose shares jumped 27%.

Five smallcap stocks, apart from the above three, including Manorama Industries and Neuland Laboratories have delivered over 25% returns to investors in the week.

IndusInd Bank was the top gainer in the Sensex pack with 12.56% returns, followed by Tata Motors (8.06%) and Axis Bank (5.30%).

Sectorally, auto stocks gained the most during the week on better sales numbers across various segments. The S&P auto index surged 4.33%.

"Maruti, M&M, Tata Motors and Eicher Motors, which together form around 55% of Nifty Auto index, contributed the most to driving the Index this week," said Anand James, Chief Market Strategist at Geojit Financial Services.

During the week, the domestic market was influenced by global market trends that revolved around US inflation numbers, which came as a relief to investors.

The consistent inflow of funds from foreign portfolio investors and the weakness of the dollar helped in controlling the downward pressure in the domestic market.

FPIs have remained consistent net buyers throughout the month and have net invested about Rs 14,661 crore in Indian markets so far in May.

What should investors do?
Analysts say strong economic data on the domestic front will have a positive impact on equity markets. India's retail inflation moderated to a 19-month low of 4.7% in April

"Market has now been consolidating for the last 4 days and is awaiting fresh triggers for the next leg of the rally as the structure of the market remains positive," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.