BSE Smallcap index surges 20% from December lows

The smallcap index hit an intra-day high of 13,871.95, its fresh nine-year high on BSE

Shares of smallcap companies are on a roll with the S&P BSE Smallcap index hitting a fresh nine-year high on the BSE in intra-day trade on Wednesday after a sharp rally in select real estate, financials, tyre and consumer durables companies.

The smallcap index hit an intra-day high of 13,871.95, its highest level since 2008. On January 8, 2008, the index hit a record high of 14,239.24 in intra-day trade.

At 11:26 pm; the Smallcap index was up 0.65% at 13,856.62 as compared to 0.30% decline in S&P BSE Sensex. From the December lows, the smallcap index rallied