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, the S&P BSE Smallcap index, the top gainer among broader indices, was up 1.3 per cent at 21,285 points, as compared to a 0.85 per cent gain in the S&P BSE Midcap and a 0.94 per cent rise in the S&P BSE Sensex. 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.