Nifty Smallcap 100 Index Rises 0.52% to 18,289.30 on June 23, 2025; KFintech, Zen Tech Among Top Gainers

As of 12:48 PM on June 23, 2025, the Nifty Smallcap 100 Index climbed 95.10 points or 0.52% to trade at 18,289.30. This index is an important indicator of how the small-cap segment of the Indian stock market is performing.

What is the Nifty Smallcap 100 Index?

The Nifty Smallcap 100 Index tracks the performance of 100 actively traded small-cap stocks listed on the National Stock Exchange (NSE). It represents about 4.77% of the free float market capitalisation of all NSE-listed companies as of March 28, 2025. The index is calculated using the free float market capitalisation method, which means it reflects the total market value of the shares available for public trading.

Launched on March 30, 2011, the index uses a base date of January 1, 2004, with a base value of 1000. It is recalculated in real time and reviewed semi-annually to reflect market changes. Investors and fund managers often use this index to benchmark small-cap portfolios, and it also serves as a base for ETFs, index funds, and structured investment products.

Top Gainers and Losers

Today, several small-cap stocks stood out with significant gains.

KFin Technologies share price led the gainers with a 5.70% rise to ₹1,345. This was followed by Zen Technologies, up 5% to ₹1,994.60. BEML advanced 4.59% to ₹4,852.60, while Garden Reach Shipbuilders & Engineers (GRSE) and Poonawalla Fincorp gained 4.18% and 3.69% respectively.

On the flip side, Dr. Lal PathLabs was the biggest loser, slipping 3.27% to ₹2,817. Other notable laggards included Welspun Corp (-2.52%), Redington (-2.23%), Go Digit (-2.20%), and Reliance Power (-1.65%).

Sector Distribution

The index offers a well-diversified exposure to various sectors. Financial services hold the highest weight at 25.53%, followed by capital goods (11.17%), healthcare (8.77%), chemicals (8.09%), and construction (5.91%). Other notable sectors include IT, consumer durables, services, and FMCG.

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Key Index Metrics

• Price-to-Earnings (P/E) Ratio: 31.65
• Dividend Yield: 4.33%
• Beta (vs Nifty 50): 1.19 — shows higher volatility compared to Nifty 50
• Standard Deviation: 24.63 — indicates moderate to high risk
• Correlation with Nifty 50: 0.85 — shows a decent connection to the broader market

Major Companies in the Index

The Nifty Smallcap 100 is made up of 100 companies, with the top constituents by weight being:

• Multi Commodity Exchange of India Ltd. (MCX) – 3.31%
• Central Depository Services (India) Ltd. (CDSL) – 2.68%
• Laurus Labs Ltd. – 2.35%
• Crompton Greaves Consumer Electricals Ltd. – 2.23%
• Radico Khaitan Ltd. – 1.95%

Other notable names include CAMS, Delhivery, Angel One, Karur Vysya Bank, and PNB Housing Finance.

Conclusion

The Nifty Smallcap 100 Index continues to reflect investor interest in India’s growing small-cap space. Despite short-term volatility, today’s rise shows confidence in selected stocks. With a diverse mix of sectors and a wide array of emerging companies, the index remains a crucial tool for investors looking to capture growth potential beyond large-cap stocks.

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.