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The Nifty Auto index was trading 0.54 per cent up at 15699.15.

Several BSE SmallCap stocks reached new 52-week highs on July 13, including Ashiana Housing, Birlasoft, CCL Products, CMS Info Systems, Craftsman Automation, Datamatics Global Services, Data Patterns, and DB Corp. Ashiana Housing is a residential and commercial real estate developer, while Birlasoft is an IT company that offers digital solutions.

Several stocks within the Nifty500 index have shown significant recoveries from their 52-week lows, indicating companies' resilience and market sentiment's potential for lucrative returns. Companies such as Ingersoll-Rand, KEI Industries, Adani Enterprises, Ceat, Cyient, Data Patterns, Tanla Platforms, and Sonata Software surged over 100% from their respective lows. These exceptional recoveries showcase companies' strength and their ability to capitalize on market opportunities and adapt to market dynamics.

According to IPO watch, shares of IdeaForge enjoyed a premium of Rs 450 in grey markets, implying a likely listing price of Rs 1,122 on the upper price band

The company's IPO opens for subscription on Monday. ideaForge is looking to issue new shares worth Rs 240 crore in the IPO, which will also see Rs 327 crore worth of secondary sale