 "Mid, Small-cap indices decline 2%")
Shares of mid and small-sized companies were under pressure with both the mid-cap and small-cap indices down 2% each on the bourses.
Symphony, Rolta India, Marico Kaya Enterprises, Titagarh Wagons, Cera Sanitaryware, Astra Microwave Products, VA Tech Wabag and Gujarat Gas Company from small-cap and United Breweries, Wockhardt, Aurobindo Pharma and Britannia Industries from mid-cap have fallen more than 5% each on the BSE. Most of these stocks have seen strong gains in the past one year.
At 1019 hours, S&P BSE Small-cap index down 2.5% or 283 points at 10,726, while CNX Small-cap index dipped nearly 3% or 162 points at 5,366 compared to less than 1% each decline in the S&P BSE Sensex and CNX Nifty. S&P BSE Mid-cap and CNX Midcap index were down 2% each.
Symphony has tanked 11% to Rs 1,981, extending its 29% fall in past three trading sessions on the BSE after brokerage downgrade the stock.
Titagarh Wagons dipped 8% to Rs 96, extending its 12% decline in past two days after the stock turned ex-stock split.
Symphony, Rolta India, Marico Kaya Enterprises, Titagarh Wagons, Cera Sanitaryware, Astra Microwave Products, VA Tech Wabag and Gujarat Gas Company from small-cap and United Breweries, Wockhardt, Aurobindo Pharma and Britannia Industries from mid-cap have fallen more than 5% each on the BSE. Most of these stocks have seen strong gains in the past one year.
At 1019 hours, S&P BSE Small-cap index down 2.5% or 283 points at 10,726, while CNX Small-cap index dipped nearly 3% or 162 points at 5,366 compared to less than 1% each decline in the S&P BSE Sensex and CNX Nifty. S&P BSE Mid-cap and CNX Midcap index were down 2% each.
Symphony has tanked 11% to Rs 1,981, extending its 29% fall in past three trading sessions on the BSE after brokerage downgrade the stock.
Titagarh Wagons dipped 8% to Rs 96, extending its 12% decline in past two days after the stock turned ex-stock split.
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