Small caps defy scrutiny move

The index opened the day at 5,610.78 and traded in positive territory for the entire trading session, before closing at 5,870.69, a tad lower than the day8217;s high of 5,876.81. 8220;These small-cap stocks had crashed last week following reports of Sebi investigation. The exchanges need to tighten surveillance further8230; otherwise small caps will be manipulated by operators again,8221; said a fund manager.

The index comprises of 495 stocks and out of those 466 stocks closed in the positive territory.

Interestingly, all the broader indices of the BSE namely, BSE-100, BSE-200 and BSE-500, boasted of strong undertone with at least 95 per cent of the stocks in each of these indices closing in positive territory.