Nifty Smallcap 100 Slides 2.70% After Budget 2026: Anant Raj, Neuland Labs Top Gainers, MCX and Hindustan Copper Top Losers

Updated on: 1 Feb 2026, 6:26 pm IST

Nifty Smallcap 100 slid 2.7% on Budget Day, with sharp selling across sectors even as a few stocks bucked the broader weakness.

Nifty Smallcap 100 Slides 2.70% After Budget 2026: Anant Raj, Neuland Labs Top Gainers, MCX and Hindustan Copper Top Losers

The Nifty Smallcap 100 Index traded sharply lower at 16,423.35 as of 12:40 pm, reflecting heightened volatility on Budget Day. The index declined by 455.75 points or 2.70%, signalling widespread selling across smallcap counters.

Weakness was visible across most sectors, with several stocks witnessing steep intraday declines. Despite the broad weakness, a handful of stocks, such as Anant Raj and Neuland Laboratories, continued to show resilience.

Nifty Smallcap 100 Performance Overview

The index opened on a subdued note and extended its decline through the first half of the trading session. Selling pressure intensified across major smallcap segments, including metals, financial services, and brokerage-related stocks.

Buying interest was limited to selective names, resulting in narrow pockets of gains. Overall, the intraday sentiment remained risk-averse, reflecting market reactions surrounding Union Budget expectations.

Top Gainers

Company Name	LTP	CHNG	% CHNG	Volume (Lakhs)	Value (₹ Crores)
Anant Raj	544.80	40.50	8.03	58.55	310.19
Neuland Laboratories	13,851.00	600.00	4.53	0.47	64.51
IFCI	57.35	2.26	4.10	818.13	482.21
Zensar Technologies	676.70	26.50	4.08	4.16	27.98
Affle (India)	1,596.90	49.70	3.21	4.93	80.21

Top Losers

Company Name	LTP	CHNG	% CHNG	Volume (Lakhs)	Value (₹ Crores)
Multi Commodity Exchange of India (MCX)	2,131.90	-396.10	-15.67	143.29	3,137.16
Hindustan Copper	596.90	-89.00	-12.98	733.36	4,356.25
Angel One	2,277.10	-263.80	-10.38	25.40	589.67
Nuvama Wealth Managemen	1,235.10	-110.30	-8.20	7.57	96.45
Garden Reach Shipbuilders & Engineers (GRSE)	2,542.00	-222.20	-8.04	31.01	835.84

Sector‑Wise Market Movement

Broad-based declines were visible across sectors, with metals, brokerages, and financial service firms leading intraday losses. High-beta smallcaps faced stronger selling pressure as investors reacted cautiously to Budget-linked developments.

Meanwhile, selective stocks in pharmaceuticals, IT, and real estate showed pockets of resilience. Overall market participation remained high, with notable volumes across both top gainers and top losers.

Conclusion

As of 12:40 pm, the Nifty Smallcap 100 Index traded sharply lower, reflecting extensive selling pressure across the smallcap universe. Anant Raj and Neuland Laboratories remained bright spots, posting notable gains despite the broader market weakness.

MCX and Hindustan Copper were the worst affected, recording double‑digit declines. The session highlighted a clear risk-off mood, driven by budget-related volatility impacting most smallcap segments.

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 1, 2026, 12:54 PM IST