BSE SmallCap Index outperforms; Sugar stocks rally, Poonawalla Fincorp locked in upper circuit

The broader markets seem to taking support after correcting from their respective life highs. On Tuesday trading the BSE SmallCap Index is up by more than 0.38 per cent while BSE Sensex is trading in green up by 0.08 per cent.  

FIEM industries, Suven Life sciences, MAS Finance and Hikal are some of the top performing small caps on Tuesday trading session. Sugar stocks are seen rallying on Tuesday with Uttam Sugar up by ~5 per cent. Balrampur Chini, Renuka Sugar, Dwarikesh Sugar, Bajaj Hindustan and Dhampur sugar were all seen trading in green, outperforming markets.  

KPIT Technology continues its uptrend while Delta Corp, Genus Power, IB Real Estate gain momentum on Tuesday trading session.  

The share price of Poonawalla Fincorp is seen locked in upper circuit on Tuesday trading session.  

Tejas network is seen trading with weakness as the stock tumbles by ~5 per cent. Reliance Power is down by nearly 5 percent while SREI Infra slips by more than 4 per cent.