Mumbai, Aug 1 (KNN)  When the Sensex was seen melting on global cues, equities listed on the BSE SME platform went up in a contrarian call with the benchmark Index on the platform inching up by 0.11 per cent to settle at 901.47.

Market capitalisation in trading today reached Rs 7,418.44 crore with 26 companies actively traded.  There were 12 gainers and 11 losers while 3 firms remained unchanged. 

Among the gainers were GCM Comm (9.77 per cent), VCU Data (7.94 per cent), Tiger Logs (5.39 per cent) and Channel Nine (4.99 per cent).

Losers on the other hand included Kushal (-14.41 per cent), Sangam Advisors (-10.82 per cent), Amrapali Cap (-10 per cent) and Edynamics Sol (-4.96 per cent).

The Sensex slumped more than 400 points, while the Nifty fell over 1.5 per cent, recording its biggest single day fall in nearly three and a half weeks.

BSE SME Platform offers an entrepreneur an investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector.
 
Currently there are 63 firms listed on the bourse.
 
The BSE started the SME Platform in March 2012.  In just over 2 years, BSE has achieved more than 90 per cent market share helping Indian SMEs create a market capitalisation of more than USD 1 billion. Average IPO size on BSE SME is close to Rs 9 crore per issue.  (KNN/ES/PC)