The small cap segment of the market has been on the rise, with the BSE Smallcap index showing a 0.75% increase today. In fact, in the last 5 days, the index has seen a significant jump of 3.36%. This makes it the best performing segment across MCaps.

Among the top performers in this segment is Confidence Petro, with a return of 14.17%. On the other hand, Salasar Techno has been the worst performer with a return of -4.98%.

The advance decline ratio of stocks in this smallcap segment is also positive, with 635 stocks advancing and only 308 declining. This translates to a ratio of 2.06x, indicating a bullish trend in the market.

Investors should keep an eye on the upcoming results of some key companies in this segment. CIE Automotive, Foseco India, Sanofi India, Rain Industries, and KSB are all set to declare their results in the next few days.

In terms of stock upgrades, Sudarshan Chem., Aegis Logistics, Snowman Logistic, Pricol Ltd, and BASF India have all been upgraded from Hold to Buy in this small cap segment.

On the technical front, Aarti Pharma, Venus Pipes, GMR Urban, Nazara Technolo., and Railtel Corpn. have all seen a change in their technical call, with some moving from None to bullish and others from mildly bullish to bullish.

Overall, the small cap segment is showing strong performance and investors should keep a close watch on these stocks for potential opportunities.