Heavy buying seen in these small-caps that hit fresh 52 week high on August 18!

On BSE, 265 stocks have hit their upper circuits whereas 131 stocks touched their lower circuits.  

At 2.30 pm on Thursday, the markets were seen recovering from the day’s low as Asia- Pacific markets tumbled following the overnight cooling off of the most recent Wall Street rise.  

US markets declined on Wednesday as it was revealed that Federal Reserve may not be as aggressive as originally anticipated while raising interest rates in September, according to minutes from a meeting held in July.  

The minutes from the July meeting of Federal Reserve reveal that policymakers intend to keep raising interest rates to reduce inflation.  

Nifty Pharma index fell 1.12 per cent to 12,833.70 on Thursday after gaining 0.90 per cent in the past two sessions. The Top Losers included Strides Pharma Science (0.95 per cent), Biocon (0.91 per cent), Cipla (1.23 per cent), Sun Pharmaceutical Industries (1.17 per cent), and Dr Reddy’s Laboratories (2.94 per cent).   

On the contrary, Gland Pharma (1.21 per cent), Laurus Labs (0.71 per cent), and Natco Pharma (2.01 per cent) emerged as the Top Gainers.  

BSE Smallcap index is trading on the higher side at 28,433.65 level, up by 0.33 per cent or 90.65 points.  

The top gainers of the index were Nahar Spinning Mills (15.60 per cent), Rane Holdings (15.33 per cent), DCW Ltd (12.91 per cent), Solara Active Pharma Sciences, and Vesuvius India (12.49 per cent). On the flip side, the top losers were Techno Electric & Engineering, TD Power Systems, Future Retail, Future Consumer, and Stylam Industries.   

On BSE, 265 stocks have hit their upper circuits whereas 131 stocks touched their lower circuits.  

Despite the dismal market sentiments, the following Small-Cap stocks made a fresh 52-week high on Thursday: