The BSE Smallcap index hit a record high of 57,798.64 in Wednesday's intra-day trade, rallying 11% from a low of 51,952.79 that it touched on November 13, 2024
The BSE Smallcap index slipped 2.5% or 1,346 points to 52,258 in Wednesday's intra-day trade and down 6.7% in the past one week as sustained FIIs selling and earnings disappointment weighed.
Gala Precision Engineering shares hit a record high of Rs 1,105.45, as they surged 17% on the BSE in Wednesday's intra-day trade, zooming 109% against its issue price of Rs 529 per share.
PC Jeweller, MTNL, Kitex Garments, 63 Moons Tech, Genus Power, Refex Industries, Solara Active Pharma, and Suraj Estates Developers were locked in 5 per cent lower circuit on the BSE.
Bajel Projects shares rose after the company announced that it has secured its first order for data centres.
IPO pipeline for the remaining part of CY24 remains strong. 25 companies plan to raise nearly Rs 63,550 crore and have Sebi's approval
The broader markets also showed strength with the BSE MidCap index rising 0.66 per cent at 48,627 levels, while the BSE SmallCap index scaled a new record high at 56,066, jumping 385 points
Shakti Pumps, Pokarna, Gokul Agro Resources, Foseco India and GHCL Textiles from the BSE Smallcap index hit their respective record highs, rallied by up 17% in otherwise a weak market.
Higher probability of price correction in Smallcap Index, if earnings don't catch up, infers a study by Capitalmind Financial Services
Shares of retail chain operator V-Mart Retail jumped as much 4.77 per cent to hit a fresh 52-week high of Rs 3,030.25 per share on Wednesday
The surge in the stock price came after the company announced that it has secured an order worth Rs 273.11 crore from Uttar Pradesh Jal Nigam
The rise in the stock price came after the company announced that it has commenced the commercial operations of ethanol at a 250 KLPD capacity grain-based ethanol plant at Goalpara, Assam
Going ahead, analysts see more pain in the offing for broader markets as stocks command extremely rich valuations, limiting upside in the near-term
The benchmark Sensex soared 3.7 per cent, hitting record high and breaching the 76k mark at 76,738 levels in Monday's intraday trade
Meanwhile, every government since 1991, Shankar Sharma said, has performed exceedingly well in different ways and with different strategies
Among sectors, UBS prefers domestic-linked sectors such as automobiles, consumer durables, industrials / infrastructure, utilities, and real estate
In March, most of the small and midcap had corrected as much as 30-50 per cent prompted by market regulator Sebi's warning of expensive valuations in the space
BSE SmallCap index today: The SmallcCap index hit a high of 46,426.72 in the intraday trade, and was less than 1 per cent away from its record high
This comes after the company announced that its board of directors will meet on April 25, to consider and approve the proposal for issuance of bonus equity shares to the shareholders of the company
Small-cap fund managers are adjusting their strategies by deploying cash and increasing exposure to large caps, likely in response to market conditions and investor behavior.