Smallcap News

The Nifty Smallcap 100 index closed 96 points or 0.50 per cent lower at 19,261 and the Nifty Midcap 100 index closed marginally higher by 4 points at 60,469. 

During the market hours, Nifty reached an all-time high of 25,129, against 25,078 previously. Among the sectoral indices, IT, pharma, and healthcare were major gainers. 

Among the sectoral indices, Auto, IT, PSU bank, fin service, metal, and media were the top losers. Pharma, Energy, and FMCG were the top gainers.

HDFC Bank, the leading private lender was down by 4.58 per cent at closing, which primarily influenced the Nifty Bank adversely by 0.83 per cent at closing. 

A near-term consolidation seems probable as domestic investors await cues from the upcoming Union Budget.

On the other hand, Indigo, Zydus Lifesciences, Bajaj Holdings, Sun Pharma, Nykaa, and Zomato were the major laggards.

The biggest positive is the record Rs 2.11 lakh crore dividend from the RBI to the government, which will give an additional 0.3 per cent of GDP fiscal room for the government.

HUL, RIL, Infosys, Asian paints and ITC were major gainers. SBI, JSW Steel, Axis Bank, ICICI Bank, Tata Steel and Tata Motors were major losers. 

Power Grid, Nestle, Asian Paints, IndusInd Bank, and TCS were the top gainers. JSW Steel, Axis Bank, ICICI Bank and ITC were the top losers.

The Nifty midcap 100 index was up by 482 points or 0.96 per cent, at 50,707 points and the Nifty smallcap index was up by 94 points or 0.58 per cent, at 16,457 points. 

Investors will also track economic data like European CPI data, which will be released later on Monday.

The Nifty fell on Friday, pulling back after a rally in the previous session. 

The index closed near the day’s low with a loss of 161 points or 0.7 per cent at 22,333 levels on Monday. 

Markets finished the day on a high note after Sensex rose to 2-month high and the Nifty settled above 7,600 in trades today