Nifty Small cap has lost heavily on an year to date basis by over 20% and now as the markets seem to gather some steam and have discounted rate hike moves, there is seen resilience in the pack.
At the time of writing this copy at around 12:20 pm was trading with gains of 2.4% and at day's high hit 9052.9 on the index.
Likewise, on the strength in the index together with the headline index, some of the counters have surged by up to 14%/.
Small cap index constituents
Highest % gain registered intra-day
Current market price
Fine Organics
14%
4636.1
India Cements
7%
170.5
Linde
4.78%
3039.55
Lux Industries
9.68%
2137.65
Quess Corp
4.50%
687.8
Westlife Development
5%
468.1
Nevertheless few of the counters, pulling the index lower have been Godfrey Phillip, Thyrocare, Century Plyboard, Shipla and GMM Pfaudler.
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