Indian Indices Trade Higher; Nestle & Reliance Industries Top Gainers

Share markets in India are presently trading on a strong note. Benchmark indices staged a gap-up opening today after falling over the past four sessions as higher Asian markets lifted the sentiment.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while auto stocks are witnessing selling pressure.

The BSE Sensex is trading up by 281 points while the NSE Nifty is trading up by 87 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 1.1%, respectively.

The rupee is trading at 71.54 against the US$.

Speaking of Indian share markets, we've been telling you about the rebound in smallcap stocks in 2020 for quite some time now.

And the market trend since the start of 2020 tells us, it's already happening!

Have a look at the chart below:

Smallcaps Are Way Ahead of the Sensex in 2020

As you can see, since the start of 2020, small caps have beaten large caps by a wide margin.

But this is just the start.

We believe small caps have a long way to go.

You can make good gains with a careful selection of small cap stocks and long-term horizon.

As per Richa Agarwal, editor of our premium small cap service Hidden Treasure, fundamentally strong smallcap stocks will not only survive but thrive in the long term.

In news from the aviation space, Jet Airways' Committee of Creditors (CoC) on Tuesday decided to extend the deadline for submission of bids to March 10 as a new entity evinced interest in the airline.

The deadline for submitting the bids for Jet Airways, which is undergoing the insolvency process, ended on Monday.

Against this backdrop, the CoC extended the deadline for submission of bids to March 10.

Earlier, South American conglomerate Synergy Group and New Delhi-based Prudent ARC were given time to submit a resolution plan. Reportedly, they failed to meet the deadline.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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