A dividend is a distribution of a portion of a company's earnings to its shareholders. Dividends are typically paid out quarterly, but can also be paid annually or semi-annually. Not all companies pay dividends, but those that do typically do so because they have a steady stream of cash flow and are profitable.

BSE Smallcap index underperformed the broader markets, recording losses of 1.47 per cent, closing at 29,441.67.

Buying interest was visible in the broader market indices as well with Nifty Midcap and Smallcap 100 advancing 0.85 per cent & 1.28 per cent, respectively. Nifty Smallcap 100 index is just 1.8 per cent away from its all-time high.   

We expect the market to continue its momentum and hence, we have shortlisted the names of some stocks, which should be on your watchlist for swing trading purposes. These stocks are based on the T20 breakout system.