Broader Markets Outperform; Swan Energy Gains 20%

Indian benchmark indices after previous day's sharp gains backed by financial major's sharp gains on merger news are seeing weak action in trade today.

Now as of writing this copy, the benchmark indices are seen losing while the broader markets, Nifty small cap 100 and Nifty mid cap 100 are standing strong with gains of over 1 percent.
Nifty Small cap 100 while being negative on a YTD basis is up today on the back of run up in stocks such as Alkyl Amines, Dilip Buildcon, APL Apollo, Birlasoft, Kajaria Ceramic which have moved on an intra-day basis by up to 7 percent on stocks like Alkyl Amines Nifty Mid cap also meanwhile is trending higher by over 1 percent given the run up in stocks like Adani Total, Hindustan Zinc, Polycab, SRF and Mindtree among others.

Swan Energy is among one of the small cap stock that trades higher by 20%. The concern is a trading entity that deals in fabric and property development. Their activity includes manufacturing and marketing of cotton and polyester sarees and shirtings in India. The company has also constructed a residential complex at Sewri and a techno park at Kurla in the city of Mumbai..The company also engaged in the business of Textiles, Property Development