Nifty Smallcap 100 Declines 0.32% on November 24

The Nifty Smallcap 100 index traded lower on November 24 as selling pressure emerged across several small-cap counters. Weakness in capital goods, power and consumer-oriented stocks weighed on the index through the session.

Market Overview

As of 12:00 pm, the Nifty Smallcap 100 stood at 17,790.30, down 57.2 points from the previous close of 17,847.50. The index opened at 17,874.50 and moved between 17,885.65 and 17,780.45 during the session. Total traded volume stood at 133.09 million shares with a turnover of ₹4,259.67 crore.

The index has declined 2.48% over the past 30 days and continues to trade below its 52-week high of 19,716.20. It remains well above its 52-week low of 14,084.30, though recent sessions have shown softer sentiment across small-cap names.

Top Gainers

Redington led the gains, rising just over 4% amid strong buying interest. Jyoti CNC and NBCC also advanced as construction and mid-cap engineering names saw selective accumulation.

Top Losers

HSCL was the biggest loser, dropping 3.3% as profit-booking emerged in construction and infrastructure names. BEML and Reliance Power also saw declines as selling pressure persisted across capital goods and power-related counters.

Sectoral And Market Trend

Broader market sentiment remained weak, with selling across capital goods, power, fertiliser and consumer services names. Gains in select technology, healthcare and distribution stocks limited deeper losses.

The Nifty Smallcap 100 has fallen 2.48% over the past month, reflecting subdued participation in the broader small-cap universe. The index traded within a narrow range during the session, indicating cautious sentiment among investors amid ongoing market fluctuations.

Conclusion

The Nifty Smallcap 100 index slipped on November 24 as losses in HSCL, BEML and Reliance Power weighed on broader sentiment. Buying in Redington, Jyoti CNC and NBCC provided partial support, but overall market tone remained muted.

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