Mid, small-cap indices outperform

Markets continue to trade at lower levels, even as the mid-cap and small-cap indices outperform in noon trades.

The Sensex is now down 208 points (1%) at 17,493. Earlier in the day, the index had touched a low of 17,470 on weak cues from global markets.

The Nifty is down 74 points at 5,238.

However, BSE mid-cap and small-cap indices have outperformed the broader indices. The mid-cap index has dropped 0.3% to 7,126. Small-cap index has slipped 0.17% to 9,086.

Among the sectoral indices, metal and realty have dropped around 1.6% each to 14,449 and 3,145, respectively.

Sterlite has shed 3.2% at Rs 164. Reliance Communications has dropped 2.8% to Rs 164. ICICI Bank is down 2.5% at Rs 839.

Tata Steel, TCS, Jindal Steel, DLF and SBI have dropped around 2% each. Other losers include BHEL, Jaiprakash Associates, Hindalco, Maruti Suzuki and Wipro.

Among mid-cap stocks, Redington India has slumped 5.6% to Rs 358. Gee Kay Finance, Kwality Dairy, Amtek Auto, Patel Engineering amd Punj Lloyd are the other losers.

Agro Tech Foods is the biggest loser among small-cap stocks. Atco Corp, Nalwa Sons, Shristi Infra and Intra Infotech are the losers.