BSE smallcap index hits over three months high
.jpg)
Shares of small sized companies are continue at their upward march with S&P Smallcap index is trading higher for the eight straight trading sessions on the Bombay Stock Exchange (BSE).
At 10:24 AM, the S&P BSE Smallcap index was up 0.55% at 11,712 points as compared to 0.18% rise in the S&P BSE Sensex. It hit an intra-day high of 11,713, its highest level since August 19, 2015.
Munjal Auto Industries, Tree House Education & Accessories, Vimta Labs, Kanoria Chemicals, Ucal Fuel Systems, Saregama India, Avanti Feeds and Suzlon Energy were trading higher more than 5% each.
Future Retail, Gayatri Projects, Rajesh Exports, Trent and SRS are among 21 stocks from the smallcap index that hit their respective 52-week highs on the BSE today.
A strong domestic institutional investors (DIIs) inflow have led rally in the small-and-mid cap stocks. DIIs have made net inflow of Rs 3,918 crore between November 19 and November 30, according to stock exchanges provisional data. Foreign institutional investors on the other hands sold net amount of Rs 2,974 crore in equities, data show.
Since November 18, in past eight trading sessions, the smallcap index outperformed the market by appreciating 5% against 4% rise in the S&P BSE Midcap and 2.8% gain in the benchmark index.
Titagarh Wagons, RPG Life Sciences, Shreyas Shipping, Nelco, Ajmera Realty and Parsvnath Developers have rallied more than 30% during the period.
Other Latest News
.webp)
The Supreme Court on Tuesday dismissed a petition seeking to revert to ballot paper voting in elections in the country.
"What happens is, when you win the election, EVMs (electronic voting machine) are not tampered. When you lose the election, EVMs are tampered (with)," remarked a bench of Justices Vikram Nath and P B Varale.
.webp)
The Bharatiya Janata Party (BJP) would not rush into announcing its chief ministerial candidate until the distribution of portfolios in the new Maharashtra government is finalised, party sources said on Tuesday.
The indications that the Mahayuti coalition's decision on who would become the next CM would be delayed emerged as the Governor on Tuesday morning asked Eknath Shinde to act as a caretaker chief minister after he tendered his resignation.
.webp)
Anurag Agrawal, Dean of Biosciences and Health Research at Ashoka University, in a conversation with Economic Times, has claimed that every resident of Delhi is developing lung damage as deadly smog continues to blanket the Capital city.
Upon being asked how many people will suffer from lung cancer in future because of poor AQI, the Ashoka University dean said that “every Delhi is developing some degree of lung damage.” People who have pre-existing diseases or sensitivity are more serious, but no one is immune to it, he added.
.webp)
India's Andhra Pradesh state is reviewing government files and will explore if it is possible to cancel a power supply contract linked to the Adani Group, whose billionaire founder has been indicted in the United States, a top official told Reuters.
US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed Indian government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the federal territory of Jammu and Kashmir, between 2021 and 2022.
.webp)
The board of directors of Hindustan Unilever (HUL) on Monday gave an in-principle approval to demerge the ice-cream business into an independent listed entity.
Subject to necessary approvals and procedures, shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the company, HUL said in a release.
.webp)
.webp)
.webp)
.webp)
.webp)
