Smallcap index at new high; Waterbase, Godawari Power zoom 100% in 1-month

Reliance Naval, Shree Rama Newsprint, IVRCL, Unitech, Reliance Industrial Infra, MTNL, Punj Lloyd and HFCL from the BSE smallcap index were up more than 15% each today.

The S&P BSE Smallcap index hit a new high of 19,445 on the BSE in intra-day trade on the back of a strong rally in infrastructure, real estate, paper, sugar and auto ancillary stocks.

At 02:48 PM; the S&P BSE Smallcap index was up 1% at 19,429, as compared to 0.81% gain in the S&P BSE Midcap and a marginal 0.04% decline in the benchmark S&P BSE Sensex.

Reliance Naval and Engineering, Shree Rama Newsprint, IVRCL, Unitech, Reliance Industrial Infrastructure, MTNL, Punj Lloyd and Himachal Futuristic Communications (HFCL) from the BSE smallcap index were up more than 15%