Select Midcaps Surge Over 10% Even as Sensex, Nifty Trade Flat Amid Bluechip Sell-Off

GG News Bureau
Mumbai, 4th July: Despite weakness in frontline indices on Friday, several midcap and smallcap stocks on the Bombay Stock Exchange (BSE) delivered double-digit gains, outperforming broader market sentiments.

Shares of Ecoplast Ltd surged 13.35%, followed closely by Gilada Finance & Investments, which jumped 12.62%, and Suryalakshmi Cotton Mills, gaining 12.21%, bucking the largely negative market trend.

Meanwhile, benchmark indices remained subdued due to selling pressure in bluechip counters. The 30-share BSE Sensex inched up just 5.88 points to settle at 83,245.35, while the 50-share NSE Nifty added 0.75 points to close at 25,404.55.

In the Nifty 50 pack, only 18 stocks traded in the green, while 32 stocks ended in the red, indicating broader weakness in large-cap space.

Several stocks hit their 52-week highs, including Sumeet Industries, Algoquant Fintech, Ludlow Jute, Adinath Exim, and Reliance Naval & Engineering. On the other hand, J. Taparia Projects, Globe Civil Projects, Kkrrafton Developers, Omega Interactive Technologies, and Sadhana Nitrochem touched their 52-week lows during the session.

The contrasting market movement highlights a shift in investor focus towards niche and value-driven stocks amid profit booking in large-cap names.