BSE Smallcap index hits new high

Sterlite Technologies, Astech Lifesciences and Triveni Engineering rallied more than 10%

The S&P BSE Smallcap index hit a new high of 16,043 on BSE in intra-day trade, after a strong gain in fertilizers, agrochemicals, sugar, information technology (IT) and telecom related stocks. The index surpassed its previous high of 16,019 hit on July 13, 2017 during intra-day trade.

Sterlite Technologies, Astech Lifesciences and Triveni Engineering & Industries rallied more than 10% each, while HEG, Graphite India, Mastek, Just Dial, Aksh Optifibre, Texmaco Rail & Engineering, Smartlink Network Systems and RS Software were up between 5% and 9% on BSE.

Sterlite Technologies surged 14% to Rs 196, extending its Wednesday’s