A host of small-cap and mid-cap stocks, besides blue chips, which had received a battering in the past few days, managed to make their mark again today.
Buying was conspicuous in auto-component, IT, paper, textile, bank, steel and cement scrips
Stocks like BSL, IFB Securities, FAG Bearings, Megasoft, Gujarat Borosil, Madhav Marbles, Sah Petroleum, Suashish Diamond, Eveready Industries, Tata Yodogawa, BOC India, Gujarat Apollo Equipment, Scandent Solutions, Bharati Shipyard, JK Corporation, Mid-Day Multimedia, Plastiblends, KIC Metaliks, PSL, Sterling Biotech, Balrampur Chini Mills, Auto Corporation of Goa, Punjab Alkalies, Indiabulls, Flex Industries, Zodiac Clothing, Andhra Cement, Harita Seating, Ruchi Soya, Atul Auto, Eimco Elecon, HBL Nife Power, Insilco, and El Forge rose between 10% to 20%.
A host of other side counters rose between 3% to 10% for the day.
The market breadth was quite strong as gainers outpaced losers by a ratio of 2.7:1. 1,891 scrips advanced on BSE as compared to 697 stocks that declined. 19 scrips were unchanged.
BSE Small-Cap Index jumped 265.23 points or 4.7% to 5,870.69. BSE Mid-Cap index rose 139.25 points or 3.4% to 4,167.80 points.
Small-cap and mid-cap stocks shrugged off stringent margining norms that came into force effective from today. 100% upfront margin is payable on over 500 stocks in B1, B2 and S group segments of BSE starting today.
Small-cap and mid-cap stocks were the subject of much upheaval on the bourses over recent trading sessions.
Over the past few months, this segment of the market witnessed a solid surge.
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