Page 4 - Smallcap Index News Today

Nifty Smallcap 250 has risen by 11.07%, 33.68%, and 37.31%, in the last three months, six months, and 1 year, respectively. Among the indices analysed by the brokerage, only Nifty Microcap 150 with a 10.64% uptick, delivered higher returns than Nifty Smallcap 250 last month. Nifty Next50 rose by 9.09% and Nifty 500 gained by 7.06%.

“Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. The uptrend remains intact as long as the sequence of higher tops and higher bottoms is sustained. Also, it is trading above its short and long-term moving averages. The momentum indicators and oscillators are also supporting the overall bullish chart structure,” he says.

“If we fail to cross 19,800 and break to around 19,680, it would be a sign that the short-term trend has turned down and we do see further selling and possibly going back to 19,400. Early indications from some of the other indices like Bank Nifty and Smallcap Index show that Nifty will possibly give up and head to those lower levels.”

Almost 100 companies in the smallcap segment gave double-digit returns of up to 41% in the week ended November 18, data analysed by ETMarkets showed.

Action Construction Equipment, Jyothy Labs and ITD Cementation India - to give returns going up to 174% in the last one year.

​Nifty Smallcap index retreated from a 15-year resistance trend line drawn adjoining 2007-21 high, indicating profi t booking after a 50% rally seen during March-October 2023 amid overbought conditions.

Get latest articles and stories on Business at LatestLY. In a notable trend, the SPIVA Scorecard revealed that a significant portion of Indian Equity Large-Cap funds struggled to outperform their benchmarks, with a staggering 58 per cent of actively managed funds falling short of the S&P Bombay Stock Exchange (BSE) 100 benchmark. Business News | Active Funds Face Mixed Performance; Dow Jones Indices Publishes SPIVA India Scorecard 2023.

There will be no trading in equities, equity derivatives, interest rate derivatives, and currency derivatives, while securities lending and borrowing will also not take place on Tuesday.

The performance of mid- and small-cap funds stand out in the SPIVA India Scorecard, especially over the short and medium term.

​And I think a lot of the smaller companies will, if they have a good business model, good management team, if they are on the right side of tech disruption or if they are part of a global theme.