BSE Smallcap index nears record high; HEG, KPIT zoom 20% each

The smallcap index hit an intra-day high of 21,299.84 points, and is 120 points away from its record high level of 21,419.84 touched on March 12, 2021.

Shares of smallcap companies were in focus on Wednesday with the S&P BSE SmallCap index up more than 1 per cent, was close to its record high level after a strong rally in chemicals, graphite electrode makers and rating agencies' shares.

Shares of HEG and KPIT Technologies, for instance, soared 20 per cent each on the BSE in the intra-day trade on Wednesday. Graphite India, Vimta Labs, Sandur Manganese & Iron Ore, CARE Ratings, Vinati Organics and Shree Pushkar Chemicals & Fertilisers, meanwhile, rallied between 10 per cent and 17 per cent in the intra-day trade.

At 02:45,