About 12 smallcap stocks have gained over 25%, with Alok Industries being the topper with a 52% surge. It was followed by Sun Pharma Advanced Research, Inox Green Energy Services and Waaree Renewable Tech.
The present sentiment suggests a promising trajectory towards 21800-21850 for the Nifty. If it surpasses 21850, we might anticipate a further climb toward 22000, says Rupak De, Senior Technical Analyst at LKP Securities.
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BSE's Sensex surged 929.60 points, or 1.34 per cent, to settle at 70,514.20. NSE's Nifty50 rallied 246.30 points, or 1.18 per cent, to end the day at 21,172.65 for the day