Market movers: Small-cap stocks jump up to 20%; Kimia Biosciences, Shemaroo, Innovana among top gainers
Several small-cap stocks surged as much as 20% in Monday's trade even as benchmark indices slipped into the red amid brisk selling in large-cap counters.
According to an ET report, top gainers included 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%) and Omnitex Industries (17.83%).
The 30-share
BSE Sensex
ended 452.44 points lower at 83,606.46, while the NSE Nifty closed down 120.75 points at 25,517.05. In the Nifty50 basket, 20 stocks ended in the green while 30 declined.
ET also reported that stocks like Kimia Biosciences, Adinath Text, Innovana Thinklabs, Omnitex Industries and Sanofi Consumer Healthcare touched fresh 52-week highs. On the other hand, Tower Infra Trust, Jai Mata Glass, Nutricircle, Patidar Buildcon, and Pankaj Piyush hit new 52-week lows in Monday's session.
Meanwhile, Axis Bank, Kotak Mahindra Bank, Maruti, UltraTech Cement, Bajaj Finance, ICICI Bank, Reliance Industries, Tata Steel, Bharti Airtel and HDFC Bank were among the major laggards from the Sensex pack on Monday.
On the other hand, Trent, State Bank of India, Bharat Electronics, Titan and Bajaj Finserv closed in the green.
The BSE smallcap index gained 0.81 per cent while the midcap index rose by 0.67 per cent.
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Among sectoral indices on the BSE, realty declined 0.87 per cent, followed by bankex (0.59 per cent), auto (0.49 per cent), metal (0.49 per cent), oil & gas (0.19 per cent), and financial services (0.17 per cent).
Capital goods led the gains with a 1.10 per cent rise. Services climbed 1.08 per cent, industrials 0.66 per cent, healthcare 0.56 per cent and consumer durables 0.42 per cent.
"The focus will be on tariff settlement with the US government, as the due date is nearing and India is yet to conclude the agreement which could create uncertainty amongst the investors. While volatility will continue, India's strong growth prospects going forward would temper the fall," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, quoted PTI.
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