Stock market update: Smallcaps in sync with Sensex; Tata Teleservices surges 14%

NEW DELHI: In line with the benchmark Sensex, smallcaps too were trading in the positive territory in Thursday's session.

Around 11:25 am, the BSE Smallcap index was trading at 16,325, up 0.43 per cent, whereas the BSE Sensex was 0.37 per cent up at 36,993.

Tata Teleservices (Maharashtra) (up 14.42 per cent), High Ground Enterprise (up 12.47 per cent), Madhucon Projects (up 9.98 per cent), Sanghi Industries (up 8.41 per cent) and JMT Auto (up 7.34 per cent) were among the top gainers in the smallcap index.


On the other hand, Intellect Design Arena (down 8.03 per cent), Jagran Prakashan (down 7.62 per cent), Info Edge (India) (down 6.98 per cent), Security and Intelligence Services (India) (down 6.75 per cent) and Jaypee Infratech (down 5 per cent) were among the top losers in the index around that time.

Equity benchmarks Sensex and Nifty touched fresh record highs of 37,026 and 11,179.60, respectively, on buying in bank, financial, auto and teck stocks amid sustained capital inflow and positive global cues.

Short-covering of bets on the last session of the futures and options contracts of July series and strengthening rupee against the dollar, kept the overall market sentiment high.

In the Sensex index, 23 stocks were advancing, while 8 were declining.

State Bank of India, ICICI Bank and Tata Motors were leading among the Sensex gainers.