Nifty Smallcap 100 Rises 0.54% on November 10 Led by HBL Power Systems

The Nifty Smallcap 100 index traded higher on November 10, gaining 0.54% as investor sentiment stayed positive across small and mid-cap stocks. Strong buying in select counters helped the broader market extend gains despite limited movement in benchmark indices.

Market Overview

As of 11:47 am, the Nifty Smallcap 100 stood at 18,173.40, up by 97.45 points from the previous close of 18,075.95. The index opened at 18,128.65 and touched an intraday high of 18,183.90 before easing slightly. Total traded volume stood at 191.7 million shares, with a turnover value of ₹7,619.76 crore.

The smallcap index has gained 0.51% over the past 30 days. It remains below its 52-week high of 19,716.20 but comfortably above its 52-week low of 14,084.30. Analysts observed consistent participation from retail investors and selective buying in smallcap stocks amid steady liquidity conditions.

Top Gainers

HBL Power Systems recorded the sharpest gain of the day, rising nearly 12% with strong trading volumes. JB Chemicals and Reliance Power also saw sustained buying interest, adding over 6% each.

Top Losers

KEC International and NCC were the top laggards, each slipping more than 2%. Weak sentiment in capital goods and infrastructure counters contributed to the decline.

Sectoral And Market Trend

The overall market remained steady, supported by buying interest in pharmaceuticals, engineering, and power stocks. Select consumer and infrastructure names saw mild profit-booking after recent gains. Despite mixed sectoral performance, the smallcap segment maintained stability due to consistent retail activity and institutional participation.

The Nifty Smallcap 100 index has shown steady movement in recent sessions, hovering in the 18,100–18,200 range. Over the past month, it has advanced by 0.51%, reflecting balanced investor sentiment. Current levels remain comfortably above the yearly low, supported by sustained market participation and stock-specific momentum.

Read More: Crude Oil Holds Near $63 as Traders Weigh Supply Outlook and Sanctions.

Conclusion

The Nifty Smallcap 100 index remained firm on November 10, buoyed by strong performances from HBL Power Systems, JB Chemicals, and Reliance Power. Broader participation in smallcap stocks helped the market maintain a positive trajectory through the trading session.

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.

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