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Nifty Smallcap 100 Falls 1.91% on January 12, 2026: IFCI, Tejas Networks Lead

Written by: Akshay ShivalkarUpdated on: 12 Jan 2026, 5:29 pm IST
The Nifty Smallcap 100 traded at 16,951.80 as of 11:46 am, down 330.85 points (-1.91%), with IFCI topping gainers and Tejas Networks leading losers.
Nifty Smallcap 100 Falls 1.91% on January 12, 2026: IFCI, Tejas Networks Lead
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

The Nifty Smallcap 100 index moved lower intraday, with the last traded level at 16,951.80 and a decline of 330.85 points or 1.91%. The index ranged between an intraday high of 17,294.65 and a low of 16,946.95, indicating continued volatility within the smallcap basket.

Turnover stood at ₹6,756.40 crore on volumes of 276.98 million shares, underscoring active participation despite the decline. On a longer horizon, the index remains between its 52-week high of 19,224.95 and 52-week low of 14,084.30, while the reported 30-day % change is 0.21, reflecting a mixed near-term trajectory.

Nifty Smallcap 100 Performance Overview

The index opened at 17,287.10 and slipped below the previous close of 17,282.65 early in the session. Price action remained weak through the morning, with sellers dominating and pushing the index towards 16,951.80.

The amplitude between the day’s high and low was 347.70 points, signalling heightened intraday swings. Liquidity remained broad-based across constituents, with total traded value exceeding ₹6,700 crore and breadth skewed toward declines.

Top Gainers in the Smallcap Basket

CompanyOpenHighLowPrev. CloseLTPChange (₹)%Chng
IFCI51.0952.7850.5049.0151.922.915.94
Manappuram Finance290.90298.70290.00285.85293.307.452.61
Hindustan Copper532.00542.80523.40520.80533.0012.202.34
Indian Energy Exchange139.69144.50138.40138.36140.602.241.62
Navin Fluorine International5,743.005,820.005,709.005,698.505,740.5042.000.74

Top Losers in the Smallcap Basket

CompanyOpenHighLowPrev. CloseLTPChange (₹)%Chng
Tejas Networks399.00403.45364.25417.15367.45-49.70-11.91
Signature Global (India)987.60995.90935.901,007.60947.00-60.60-6.01
Affle (India)1,760.801,780.301,688.001,783.901,688.20-95.70-5.36
Radico Khaitan2,962.002,962.002,788.602,945.802,790.00-155.80-5.29
Delhivery406.00406.00382.95405.95384.60-21.35-5.26

Intraday Activity and Liquidity Patterns

Trading volumes were robust, with 276.98 million shares changing hands across index constituents by 11:46 am. Value traded reached ₹6,756.40 crore, pointing to sustained liquidity despite price declines.

The dispersion between top gainers and top losers widened through the morning, indicative of stock-specific drivers and sectoral dynamics. Execution quality remained high across frequently traded counters, enabling price discovery amid broad market movement.

Read More: Sensex Falls on Jan 12, 2026; Infosys, L&T Drop.

Conclusion

The Nifty Smallcap 100 slipped 1.91% intraday, with declines concentrated in technology, real estate, and logistics counters. IFCI, Manappuram Finance, and Hindustan Copper provided partial support, while Tejas Networks, Signature Global, and Affle saw sharper corrections. Liquidity stayed firm, and the index continued to trade well within its 52-week range. The session underscored persistent rotation within smallcaps, with mixed signals across sectors and a modest 30-day % change.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 12, 2026, 11:57 AM IST

Akshay Shivalkar

Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.

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