Money on the markets
A maturing market amid the mayhem
The BSE Small-Cap Index gained over 1 percent on Wednesday even as the overall market ended weak, with the Sensex slipping 58 points.
Topping the index was Nitin Fire, which jumped 20 percent in trade. Eight stocks in the index gained over 10 percent.
The small-cap stocks have rewarded investors well in 2009, with the index gaining 125 percent so far. This is higher than the return of mid-cap index which has gained 107 percent during the period.
Seeing the performance in the space, would you be willing to invest in such stocks?
From the 463 stocks in the small cap index, around 30 posted double-digit gains, data from Thomson Reuters showed.
The BSE Sensex ended 0.69 percent higher on short-covering ahead of the monthly derivatives expiry. Gains were capped by worries about the health of the global economy.
Trade was volatile and the 30-share sensitive index swung from an intra-day low of 14,207 to an intra-day high of 14,479 and closed 98 points higher at 14,422. The fifty-share Nifty ended 1.08 percent up at 4,293.