BSE Smallcap index hits new high led by chemicals, cement stocks

UCO Bank, Dena Bank, Orient Carbon, Meghmani Organics, Sagar Cements, Shiva Cement, APL Apollo Tubes and Kirloskar Ferrous Industries have rallied up to 17% in intra-day trade on BSE.

The S&P BSE Smallcap index hit a new high of 19,486 on BSE in early morning trade after a strong gain in cement, metal, pharmaceutical, public sector banks (PSBs) and chemical stocks. The index surpassed its previous high of 19,445 touched on January 1, 2018 in intra-day trade.

At 10:17 AM; the S&P BSE Smallcap index was up 0.6% at 19,451, as compared to 0.29% rise in the S&P BSE Midcap and 0.1% gain in the benchmark S&P BSE Sensex.

UCO Bank and Dena Bank from PSBs, Orient Carbon & Chemicals and Meghmani Organics from chemicals, Sagar Cements and Shiva