Page 3 - Nifty Microcap News Today

Healthcare stocks continued to rally with Medanta, Fortis, Marksans Pharma, and Vijaya Diagnostic all gaining more than 5 per cent, showcasing that investors are bullish on the sector, says Vaibhav Vidwani, Research Analyst, Bonanza ...

Smaller stocks outperformed Nifty by a wide margin as the index is up only about 8.5% since last Diwali while Nifty Smallcap50 is up 38%, Nifty Microcap 250 has advanced 51% and Nifty SME Emerge has zoomed 69%.

In the 30-share Sensex index, only Asian Paints, Tata Steel, and NTPC were trading in red at the time of writing.

The Nifty Total Market Index is a comprehensive index comprising 750 stocks from various market segments, including large, mid, small, and microcap, with constituent companies drawn from the Nifty 500 and Nifty Microcap 250 indices

BY DEBASHIS BASU While the larger companies are merely chugging along, the stock prices of smaller companies are shooting up like wild weeds for the sixth month running. From early April, when the current rally started, the Nifty50 is up only 14.1 per cent while the Nifty500 has gone up 19.7 per cent. Meanwhile, the

Adani stocks were the top gainers in the opening session as Adani Enterprises jumped over 1 per cent, and Adani Ports gained nearly 1 per cent.

BSE benchmark Sensex was down 39.71 points, or 0.06 per cent to 66,388.38, while broader NSE Nifty50 was trading 5.35 points, or 0.03 per cent lower at 19,816.85.

In early trade, the 30-share BSE Sensex jumped 392.89 points to 66,559.82 and Nifty 50 climbed 118 points to 19,849.75.

The industry data would suggest that mutual fund investors are chasing performance, as the Small Cap and Sectoral/Thematic category of mutual funds have got the bulk of the inflows in FY24, so far.

All broader market indices, except for India Vix and Nifty Microcap 250, slipped into red in the morning trade.