Midcap, small-cap stks outperform Sensex; Moschip Semiconductor zooms 10%

The S&P BSE MidCap index was trading 23 points higher at 14,469, with Colgate (Palmolive), Glenmark and Havells being the top contributors to the index.

Outperforming the benchmarks, the mid and small-cap stocks were trading flat in the late morning deals on Tuesday. At 10:50 am, the S&P BSE SmallCap was trading just 17 points lower at 13,828.50 against around 1 per cent decline (nearly 300 points) in the S&P BSE Sensex. Moschip Semiconductor Technology in the S&P BSE SmallCap index jumped over 10 per cent to Rs 26 a piece on BSE after the company said the board has decided to conduct the postal ballot for seeking approval of shareholders for the appointment of Venkata Sudhakar Simhadri as the managing director of the company