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The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most of FY24, the Securities and Exchange Board India (Sebi) turned a party spoiler towards the end.
The Nifty Auto index was trading 0.98 per cent down at 16740.2.
The Nifty Realty index was trading 0.01 per cent up at 692.8.
Jio Financial Services (JFS) to be removed from NSE, PM Modi to attend ASEAN-India Summit in Top News on September 7: Share markets, Bank Nifty outlook, Made in India Aprilia RS 440 global debut, Mono Pharmacare shares listing on NSE SME also in focus in top stories.
BPCL, Power Grid, Apollo Hospital, Britannia and NTPC were among the top losers on NSE.