Market Now: BSE Midcap index underperforms benchmark Sensex

NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex in Wednesday's trade.

At 10:30 hours, the BSE Midcap index was 0.34 per cent down at 17,531, while the BSE Sensex was 0.18 per cent down at 35,970. The NSE Nifty50 was 0.09 per cent down at 11,039.

Shares of Vakrangee (down 5.46 per cent), Havells India (down 4.19 per cent), TVS Motor Company (down 3.51 per cent), Mahindra & Mahindra Financial Services (down 3.44 per cent), Bharat Electronics (down 3.44 per cent), Crompton Greaves Consumer Electricals (down 3.08 per cent), Emami (down 2.80 per cent) and Natco Pharma (down 2.19 per cent) were the top losers in the midcap index.


On the contrary, Adani Enterprises (up 2.67 per cent), Apollo Hospitals Enterprise (up 2.44 per cent), National Aluminium Company (up 2.05 per cent), Cholamandalam Investment & Finance Company (up 2.01 per cent), Kansai Nerolac Paints (up 1.95 per cent), MphasiS (up 1.83 per cent), Shriram City Union Finance (up 1.82 per cent), NBCC (India) (up 1.74 per cent) and Tata Communications (up 1.66 per cent) were among the gainers.

The benchmark indices were in the negative zone as participants trimmed positions ahead of the Union budget amid fresh outflow by foreign funds.

Sentiment turned cautious as investors preferred to reduce their positions ahead of the Union budget to be presented tomorrow.

A weak trend in Asia coupled with an overnight sell-off on the Wall Street dampened the sentiment here.

Among the 50 stocks in the Nifty50 index, 27 were trading in the green, while 23 were in the red.

DR.Reddy's Laboratories, Coal India and Hindustan Unilever were among the top losers in the Sensex index.