Second rung shares back in action; BSE Smallcap Index up 1.5%
The BSE Midcap Index was up 0.95 per cent Smallcap Index was up 1.41 per cent while the Sensex slipped 0.14 per cent.
By INDIATIMES NEWS NETWORK |
MUMBAI: After a week-long thrashing, second rung shares were back in action Monday, outperforming the benchmarks. The BSE Midcap Index was up 0.95 per cent Smallcap Index was up 1.41 per cent while the Sensex slipped 0.14 per cent.
In the past one week, investors churned their portfolios and booked profits in recent gainers in the mid- and smallcap space inorder to deploy in the mega IPO - Reliance Power. The initial offer opens to the public from January 15 to 18 with a price band of Rs 405-450.
Mid- and small-cap stocks witnessed heavy selling sending the BSE Mid-cap and BSE Small-cap indices down 6.67 per cent and 8.57 per cent, respectively in the past week.
At 12:20 pm, Autoline Industries, up 17 per cent, was the biggest gainer in the smallcap space, followed by Munjal Showa (13.02%), Gati (9.12%), Diamond Cables (9.09%) and Hindusthan National Glass & Industries (8.83%). END
Among midcaps, Peninsula Land (up 8.55%), Anant Raj Industries (8.11%), UCO Bank (8%), Renuka Sugars (7.31%) and Apollo Tyres (6.96%) were buzzing.
In the past one week, investors churned their portfolios and booked profits in recent gainers in the mid- and smallcap space inorder to deploy in the mega IPO - Reliance Power. The initial offer opens to the public from January 15 to 18 with a price band of Rs 405-450.
Mid- and small-cap stocks witnessed heavy selling sending the BSE Mid-cap and BSE Small-cap indices down 6.67 per cent and 8.57 per cent, respectively in the past week.
At 12:20 pm, Autoline Industries, up 17 per cent, was the biggest gainer in the smallcap space, followed by Munjal Showa (13.02%), Gati (9.12%), Diamond Cables (9.09%) and Hindusthan National Glass & Industries (8.83%). END
Among midcaps, Peninsula Land (up 8.55%), Anant Raj Industries (8.11%), UCO Bank (8%), Renuka Sugars (7.31%) and Apollo Tyres (6.96%) were buzzing.
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