Stock market update: Smallcaps in sync with midcaps, trail Sensex

NEW DELHI: In line with midcaps, smallcaps too were underperforming benchmark Sensex during Tuesday's session.

Around 11:15 am, the BSE Smallcap index was 0.06 per cent down at 15,911, while the BSE Sensex was 0.33 per cent up at 35,381. The NSE Nifty50 was 0.30 per cent up at 10,689.

Shares of 8K Miles Software Services (down 16.60 per cent), New Delhi Television (down 9.99 per cent), Matrimony.com (down 8.44 per cent), Alankit (down 7.06 per cent) and Lumax Auto Technologies (down 6.28 per cent) were among the top losers in the smallcap index.


On the other hand, Kiri Industries (up 19.99 per cent), Gammon Infrastructure Projects (up 9.66 per cent), Panacea Biotec (up 8.14 per cent), Vishnu Chemicals (up 6.25 per cent) and SREI Infrastructure Finance (up 5.62 per cent) were the top gainers in the smallcap index.

Market sentiment was subdued on sustained capital outflows by foreign funds amid weak Asian cues.

Besides, deprecating rupee against the US dollar also hit the sentiment.

In the Sensex index, 20 stocks were advancing, while 11 were declining in trade.

Vedanta, Power Grid Corporation and ICICI Bank were leading among the Sensex losers.