Market movers: Small-cap stocks jump up to 20%; Kimia Biosciences, Shemaroo, Innovana among top gainers

Despite benchmark indices facing a downturn due to selling pressure in large-cap stocks, several small-cap stocks experienced significant gains, with some surging as much as 20%. Kimia Biosciences, Rapicut Carbide, and AI Champdany were among the top performers. While the Sensex and Nifty closed lower, the BSE smallcap and midcap indices showed positive movement, indicating a mixed market scenario.