Wonderful Wednesday for small-cap! IT & Textile stocks buzz; Kitex Garments hits upper circuit, Mindtree emerges as top contributor

Following soft global cues, the key Indian benchmark indices opened on a subdued note with Nifty and Sensex being down by nearly 0.20 per cent in the early deals on Wednesday.   

However, buying interest is visible in BSE Smallcap index as it is up by 0.33 per cent; thereby, outperforming the frontline gauges by a wide margin.   

Several stocks from the small-cap index were seen buzzing on the bourses. The stock of Kitex Garments got locked at 10 per cent upper freeze. Happiest Minds Technologies, Steel Strips Wheels & Aditya Birla Money gained over 7 per cent each.   

Meanwhile, IT stocks such as Mindtree, Happiest Minds Technologies contributed most to the gains of BSE Smallcap index. Deepak Nitrite is also among the top contributor as it registered a fresh all-time high on Wednesday.