Business Standard

Nifty SmallCap up 16% in 1 month; key levels to watch on overbought stocks

Apar Industries, CESC, Glenmark, Jubilant Pharma and Power India are trading in overbought zone; charts suggest bias to remain positive as long as these support levels hold.

stock markets, Nifty50
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Rex Cano Mumbai
As bulls continue to roar on the Dalal Street, apart from the benchmark indices scaling new summits, the broader indices too have registered new life-time highs in recent days.

The NSE Nifty SmallCap index has hit a new peak of 15,374 in trades on Monday surpassing its earlier high of 15,489 hit on February 07. In the interim period, the index had tumbled to a low of 13,284 on March 14 - down over 14 per cent from its then peak - amid Sebi's clampdown on the smallcap segment.

The market regulator, Sebi, in March has asked mutual funds to

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First Published: Apr 09 2024 | 12:12 PM IST

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