Mid, small-cap indices move in range amid rise in benchmarks

At 12:39 pm, the S&P BSE MidCap index was trading 0.06% higher at 14,947, while the S&P BSE SmallCap index was up 0.07% at 14,401.

The broader market was moving in a narrow range with some positive bias on Wednesday amid a sharp rise in the benchmark index.

At 12:39 pm, the S&P BSE MidCap index was trading 0.06 per cent higher at 14,947, while the S&P BSE SmallCap index was up 0.07 per cent at 14,401. In comparison, the benchmark S&P BSE Sensex was up 0.81 per cent at 35,800.

Among the midcaps, Reliance Nippon Life Asset Management, Mphasis, Larsen & Toubro Infotech, Reliance Capital and Max Financial Services were trading 3-5 per cent higher, while Dewan Housing Finance Corporation, RBL Bank and Godrej Properties were down 3-4.5 per cent.

In the smallcaps, Sintex Plastics Technology, Hotel Leelaventure have surged 20 per cent in intra-day trade.

Shares of Hotel Leela Venture has risen 20 per cent to Rs 15.28 on the BSE in intra-day trade on reports that a consortium, including Thailand’s Minor International, is considering an investment of about Rs 2.5 billion ($350 million) to acquire a majority stake in Indian hospitality firm.

The stock has zoomed 73 per cent in past three trading days from Rs 8.85 on November 22, 2018. It touched a multi-year low of Rs 8.61 last Friday in intra-day trade on the BSE. READ HERE

S&P BSE Midcap index

COMPANY	LATEST	CHG(RS)	CHG(%)	WEIGHT IN INDEX (%)
RELIANCE NIP.LIF	172.70	10.10	6.21	0.17
MPHASIS	950.50	44.80	4.95	1.05
L & T INFOTECH	1641.40	52.90	3.33	0.86
RELIANCE CAPITAL	242.20	7.40	3.15	0.35
L&T FIN.HOLDINGS	135.45	4.10	3.12	1.17

S&P BSE Smallcap index

COMPANY	LATEST	CHG(RS)	CHG(%)	WEIGHT IN INDEX (%)
SINTEX PLASTICS	27.65	4.60	19.96	0.10
HOTEL LEELA VEN.	15.28	2.54	19.94	0.04
PARSVNATH DEVL.	9.19	1.45	18.73	0.01
VADILAL INDS.	564.50	81.00	16.75	0.01
GODAWARI POWER	288.00	27.00	10.34	0.03