Share market update: Smallcaps rise in sync with midcaps, outperform Sensex

NEW DELHI: In line with midcaps, smallcaps too were outperforming Sensex in afternoon trade on Wednesday.

Around 12:30 pm, the BSE Smallcap index was 0.38 per cent up at 16647, while the BSE Sensex was 0.08 per cent down at 37,578. The Nifty50 index was 0.03 per cent up at 11,360.

Shares of Cupid (up 19.98 per cent), JK Paper (up 12.85 per cent), Orient Refractories (up 12.84 per cent), Kitex Garments (up 11.95 per cent) and Capacit'e Infraprojects (up 10.20 per cent) were among the top gainers in the smallcap index.


However, MT Educare (down 8.10 per cent), EPC Industrie (down 8.03 per cent), Ricoh India (down 4.99 per cent), MIC Electronics (down 4.97 per cent) and JBF Industries (down 4.84 per cent) were among the top losers in the index around the same time.

Market turned cautious ahead of the RBI's policy meet outcome. Bank, financial and auto stocks, including HDFC twins, Maruti, ICICI Bank and Axis Bank, were among the top drags.

Asian stocks were wobbly on reports that Trump administration may increase the tariff on $200 billion of imported Chinese goods from 10 per cent to 25 per cent.

In the Sensex index, 13 stocks were advancing, while 18 stocks were declining.

Coal India, Tata Consultancy Services and Sun Pharma were leading among Sensex scrips.

Tata Motors, Maruti Suzuki and Axis Bank were among the top losers in the Sensex kitty.