Nifty Smallcap 100 Gains 0.25% in Early Trade on Feb 23; BLS and Aegis Vopak Shine

As of 10:41 AM, the Nifty Smallcap 100 index was trading higher by 41.75 points or 0.25% at 17,043.90, compared to its previous close of 17,002.15. The index opened at 17,119.55 and touched an intraday high of 17,202.30, while the day’s low stood at 17,041.50. 

Market breadth appeared mixed, with select stocks driving the gains. The index remains below its 52-week high of 19,224.95 but well above its 52-week low of 14,084.30.

Top Gainers Lift the Index

Among the top performers, BLS surged 9.54% to ₹294.00, emerging as a major gainer. AEGISVOPAK also rallied 9.47% to ₹230.74. TRIDENT gained 5.56% to ₹26.95, while PCBL advanced 4.19% to ₹318.40. CREDITACC rose 3.52% to ₹1,331.20, adding further strength to the index. These gains indicate renewed investor interest in select smallcap counters.

Stocks Under Pressure

On the downside, SIGNATURE declined 4.15% to ₹966.20, while NEWGEN fell 3.54% to ₹537.20. IKS slipped 2.16% to ₹1,560.00, and OLAELEC dropped 2.11% to ₹25.99. TATACHEM also edged lower by 1.84% to ₹702.90. The declines reflect stock-specific profit booking despite overall positive index momentum.

Also Read: Delhi High Court Dismisses Challenge to SEBI's Green Light for NSE IPO!

Conclusion

The Nifty Smallcap 100 index is witnessing selective buying, with strong gains in a few counters offsetting declines in others. While the broader sentiment remains cautiously positive, volatility persists at the stock level. Investors may continue to track earnings momentum and sector-specific triggers for further direction in the smallcap space.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private 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.