Suzlon, BSE and CDSL lead rally in smallcap stocks
Nifty Smallcap 100 index gained 0.7% to hit an all-time high of 13,610 on Monday, dodging the weakness in the Sensex and Nifty. BSE, CAMS, and Hindustan Copper jumped 7-9%, emerging as the top gainers on the Smallcap index.
The index has jumped 1,219 points, or 9%, since October 26 against the 2.8% gains in the Sensex and the 3.1% advance in the Nifty.
Six stocks contributed 469 points, or 38%, of the 1,219-point upside in the index. These included Suzlon Energy, BSE, CDSL, Global Health, MCX and Piramal Pharma.
Three stocks — Suzlon Energy, BSE and CDSL — contributed 323 points, or close to 27%, of the up-move in the Small-cap index.
Since June 1, the Small-cap Index has run up 3,340 points, or 24.54%. Seven stocks contributed 1,475 points, or 44% of the gains in the past five months.
The top gainers in this period include Suzlon Energy, BSE, Kalyan Jewellers, Angel One, CDSL, MCX and Global Health.
