Smallcap index up for 8th trading day in a row; Jai Corp zooms 73%

In past eight trading sessions, the smallcap index rallied 4.8% against 3.9% rise in midcap and 2.6% gain in Sensex.

The S&P BSE Smallcap index rallied for eight trading days in a row, outperforming the broader indices on a strong rally in textiles, realty, constructions, finance and capital goods stocks.

At 10:34 AM; the S&P BSE Smallcap index, the largest gainer among broader indices, was up 0.43%, after hitting a new high of 18,104 in intra-day trade. On comparison, the S&P BSE Midcap index was up 0.22%, while the benchmark index down marginally by 0.17%.

In the past eight trading sessions, the smallcap index rallied 4.8% against 3.9% rise in midcap and 2.6% gain in the benchmark Sensex.