Stock Market

Share Market Update: Midcaps, Smallcaps Drop In Line With Benchmark Sensex; PNB Housing Finance, Emami, Concor Among Losers

Midcaps and smallcaps fell in share market in accordance with benchmark Sensex on October 9, 2018, session. At 11:10 am, the BSE Midcap file was exchanging 0.30 percent down at 13,684, while the BSE Smallcap was trading 0.39 percent down at 13,509. The benchmark Sensex was 0.17 percent down at 34,415 around then.

Crompton Greaves Consumer Electricals (down 4.17 percent), Wockhardt (down 4.02 percent), Kansai Nerolac Paints (down 3.99 percent), Emami (down 9.89 percent), Central Bank of India (down 4.86 percent), Indian Hotels Company (down 3.65 percent), PNB Housing Finance (down 3.58 percent) and Container Corporation of India (Concor) (down 3.43 percent), Page Industries (down 3.93 percent) and Emami (down 3.92 percent) were among the washouts in the midcap file.

Be that as it may, Vakrangee (up 4.47 percent), IIFL Holdings (up 4.45 percent), NLC India (up 6.41 percent), Vakrangee (up 3 percent), Reliance Communications (up 2.80 percent), Steel Authority of India (SAIL) (up 2.33 percent) and Future Retail (up 2.09 percent), LIC Housing Finance (up 3.44 percent), Mahindra and Mahindra Financial Services (up 3.39 percent) and Endurance Technologies (up 3 percent) were among the best gainers in the midcap pack.

In recent share market news, Ashapura Intimates Fashion (down 9.98 percent), Vishnu Chemicals (down 17.16 percent), Agarwal Industrial Corporation (down 10.65 percent), IL&FS Engineering and Construction Company (down 10 percent), IL&FS Transportation Networks (down 9.91 percent) and Gravita India (down 9.49 percent), Shiva Texyarn (down 8.30 percent), Infibeam Avenues (down 7.72 percent), Kalyani Investment Company (down 7.25 percent) and Prestige Estates Projects (down 6.91 percent) were among the smallcap failures.

Uttam Sugar Mills (up 18.48 percent), Rollatainers (up 15 percent), Dhampur Sugar Mills (up 14.76 percent), Dwarikesh Sugar Industries (up 14.60 percent) and KCP Sugar and Industries Corporation (up 11.55 percent) were among the best gainers in the smallcap list.

Rupee’s unabated fall, surging raw petroleum costs, firming bond yields and shortcoming in other Asian markets weighed on domestic market sentiment.

Among the 50 stocks in the Nifty list, 15 were exchanging the green, while 35 were in the red.

In the share market list, YES Bank, HDFC, Vedanta, Adani Ports, and Coal India were driving. Tata Motors, Asian Paints, Bharti Airtel, Bajaj Auto, and ONGC were the failures in the Sensex list, according to the report of Economic Times.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Aanchal Ahuja is an enthusiastic, dedicated and committed professional always ready to give an instant response to the clients. She's an expert in managing the day to day office affairs, SEM/SEO, writing and fully aware of social media.

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