
The shares of smallcap companies including IIFL Finance, Meesho, GRSE, and others sharply rallied up to 7% on Wednesday as the broader markets outperformed benchmark indices despite overall caution in markets.
The Nifty Smallcap 100 index gained around 153 points (0.85%) to hover around 18,092, as seen at 11.45 am. At the same time, benchmark Nifty 50 index gained 115 points (0.5%) to 23,495.