Small-Cap, Mid-Cap stocks slide

The S&P BSE Small-Cap index fell 3.49% and the S&P BSE Mid-Cap index dropped 4.1% at 14:25 IST, underperforming the Sensex.

Both these indices underperformed the barometer index, S&P BSE Sensex, which lost 512.64 points or 1.81% to 27,780.17. As per reports, the Indian Army conducted surgical strikes on terror launch pads yesterday, 28 September 2016 night across the Line of Control (LoC) in Pakistan, killing several terrorists and causing significant casualties to their hideouts.

The broad market depicted weakness. There were more than six losers against every gainer on BSE. 2,322 shares rose and 339 shares fell. A total of 180 shares were unchanged.

Top losers in the S&P BSE Mid-Cap index were Reliance Communications (down 9.21%), GMR Infrastructure (down 8.36%), Adani Enterprises (down 8.07%), Indian Bank (down 7.64%), Steel Authority of India (down 7.9%).

Top losers in the S&P BSE Small-Cap index were Signet Industries (down 20%), Morepen Laboratories (down 16.89%), Sarda Energy & Minerals (down 12.93%), Prakash Industries (down 13.68%) and Orchid Pharma (down 14.38%).

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