BSE Smallcap index up for 5th straight day; Bodal Chemicals gains 13%

Sunflag Iron & Steel, Bhansali Engineering Polymers, Rane (Madras), CARE Ratings and Rane Brake Lining have rallied more than 30 per cent in the past one week.

Shares of smallcap companies were in limelight on Tuesday with the S&P BSE Smallcap index trading higher for the fifth straight session on the BSE. At 01:26 pm, the smallcap index, up 0.46 per cent at 13,710 points, was the largest gainer among broader indices. In past five trading days, the smallcap index outperformed the market by gaining 2.5 per cent on the back of a strong rally in beaten down sector stocks like chemicals, auto ancillaries, sugar, media and credit rating agencies.

In comparison, the S&P BSE Midcap index was up 1.2 per cent, while the benchmark S&P BSE