BSE Smallcap index hits fresh 9-year high

TTML, TRF, Tata Metaliks and Tata Sponge from Tata Group have rallied between 5% and 20% on the BSE

Shares of smallcap companies were in focus with the S&P BSE Smallcap index hitting a fresh nine-year high on the BSE in intra-day trade on Tuesday after a sharp rally in select Tata Group companies, logistics, auto ancillary, steel and banking stocks.

The smallcap index hit an intra-day high of 13,699, its highest level January 8, 2008 in noon deal trade. The index surpassed its previous high of 13,695 touched on February 22, 2017 in intra-day trade. It hit a record high of 14,239 on January 8, 2008.

At 02:25 pm; the Smallcap index, the largest gainer among broader indices,