Mid, Smallcap indices fall over 2% intra-day trade; Adani group stocks hit

Shares of midcap and smallcap companies were under pressure on Monday, falling more than 2% each as market awaits Gujarat and Himachal poll verdict.

The S&P BSE Smallcap index tanked 2.7%, or 501 points, at 17,670, while the S&P BSE Midcap index falls 2.2% or 370 points at 16,605 in intra-day trade. The S&P BSE Sensex, too, lost 2.6% or 867 points at 32,595. Both indices, however, recovered as trade progressed.

Nifty Bank, Nifty PSU Bank, Nifty Private Bank and Nifty Realty index were lost over 2% in early morning trade, while Nifty 50 index slipped 2.5% on the National Stock Exchange (NSE).

Adani Group stocks, Adani Enterprises, Adani Power, Adani Transmission, Adani Transmission and Adani Ports and Special Economic Zone were down up to 4% at 09:32 AM.

Dena Bank, IDFC Bank, Bank of Maharashtra, Power Finance Corporation, Reliance Capital and United Bank of India from the financials and banks were hitting their 52-week lows in intra-day trade today.

COMPANY	LATEST	52 WK LOW	PREV LOW	PREV DATE
BANK OF MAHA	21.30	20.80	21.05	15-Dec-17
D B CORP	342.55	339.50	341.35	14-Dec-17
DENA BANK	24.00	23.70	24.00	15-Dec-17
EQUITAS HOLDINGS	138.90	133.45	133.50	14-Dec-17
GLENMARK PHARMA.	536.25	528.00	529.15	08-Dec-17
GREAVES COTTON	114.75	112.70	114.75	15-Dec-17
IDFC BANK	52.30	51.10	51.85	14-Dec-17
MARKSANS PHARMA	35.55	34.25	35.20	15-Dec-17
POWER FIN.CORPN.	116.80	112.75	113.10	27-Dec-16
PTC INDIA FIN	35.55	34.35	34.65	14-Dec-17
RELIANCE NAV.ENG	35.20	33.70	34.00	05-Dec-17
SHARDA CROPCHEM	465.00	419.00	420.00	06-Nov-17