Small-Cap Stocks Soar: A 20% Surge Amid Market Shifts
On Monday, something exciting happened. Several small-cap stocks surged. Some even jumped by 20%. This was quite a surprise. Especially since the main market indices were in the red. Large-cap stocks saw a lot of selling.
Top Gainers of the Day
According to an ET report, here are the top gainers:
- Kimia Biosciences: 20.00%
- Rapicut Carbide: 20.00%
- AI Champdany: 20.00%
- Shemaroo Entertainment: 19.99%
- Adinath Textiles: 19.99%
- Concord Drugs: 19.98%
- TN Telecom: 19.94%
- Innovana Thinklabs: 19.37%
- Filatex Fashions: 19.23%
- Omnitex Industries: 17.83%
Market Indices Update
The BSE Sensex ended 452.44 points lower. It closed at 83,606.46. The NSE Nifty also closed down. It was 120.75 points lower at 25,517.05. In the Nifty50 basket, 20 stocks ended in the green. But 30 declined.
New Highs and Lows
Stocks Hitting 52-Week Highs
Some stocks reached fresh 52-week highs:
- Kimia Biosciences
- Adinath Textiles
- Innovana Thinklabs
- Omnitex Industries
- Sanofi Consumer Healthcare
Stocks Hitting 52-Week Lows
On the other hand, these stocks hit new 52-week lows:
- Tower Infra Trust
- Jai Mata Glass
- Nutricircle
- Patidar Buildcon
- Pankaj Piyush
Major Laggards and Gainers
Top Laggards from the Sensex Pack
Among the major laggards from the Sensex pack were:
- Axis Bank
- Kotak Mahindra Bank
- Maruti
- UltraTech Cement
- Bajaj Finance
- ICICI Bank
- Reliance Industries
- Tata Steel
- Bharti Airtel
- HDFC Bank
Stocks in the Green
On the positive side, these stocks closed in the green:
- Trent
- State Bank of India
- Bharat Electronics
- Titan
- Bajaj Finserv
Index Performance
The BSE small-cap index gained 0.81%. The mid-cap index rose by 0.67%. Among sectoral indices on the BSE, realty declined by 0.87%. Other sectors that saw a decline include:
- Bankex: 0.59%
- Auto: 0.49%
- Metal: 0.49%
- Oil & Gas: 0.19%
- Financial Services: 0.17%
Capital goods led the gains with a 1.10% rise. Other sectors that climbed included:
- Services: 1.08%
- Industrials: 0.66%
- Healthcare: 0.56%
- Consumer Durables: 0.42%
Expert Insights
Prashanth Tapse is a Senior VP (Research) at Mehta Equities Ltd. He shared his insights:
“The focus will be on tariff settlement with the US government. The due date is nearing. India is yet to conclude the agreement. This could create uncertainty among investors. While volatility will continue, India’s strong growth prospects going forward would temper the fall.”
