The S&P BSE Smallcap index hit a fresh 52-week high of 20,064 points, up 1 per cent on the BSE in the intra-day trade on Thursday, on the back of continued upward movement in public sector undertaking (PSU) banks. The smallcap index is 133 points away from its all-time high level of 20,183 points touched on January 15, 2018. Indian Overseas Bank and Central Bank of India rallied 20 per cent each while Bank of Maharashtra was up 10 per cent on the BSE today. In the past one week, these banks have surged between 64 per cent and 67 per cent on report that the government has shortlisted these mid-sized state-run banks, along with Bank of India, for privatisation.