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Markets choppy; Midcap, smallcap stocks shine

Views 2 Views    Comments 0 Comments    Share Share    Posted 20-05-2009  
The benchmark indices were trading with some volatility, as 1/3rd stocks on the Sensex and 1/5th stocks on the Nifty were trading sharply lower while others remained supportive. The broader indices continued their outperformance today as well.

The Sensex was trading at 14,226, down 75 points and the Nifty was down 10 points, to 4,308, at 10:30 hours IST. Among the broader indices - BSE Midcap and Smallcap indices gained 3.5-4.5%.

The market breadth was strong due to gains in broader indices; about 2049 shares advanced while 620 shares declined. Nearly 452 shares were unchanged.

Among the midcap stocks, Hindustan Construction Company and Tulip Telecom surged over 21% each. Simplex Infra, JM Financial and Omaxe gained 16-20%.

In the smallcap space, Swan Mills, IVR Prime, UB Holdings, Shriram EPC and Kirloskar Ferro went up 13.5-20%.

Among the frontliners, Bharti Airtel, BHEL, Reliance Communication, ICICI Bank, DLF, HDFC Bank, Reliance Capital and Idea Cellular plunged 2.5-6.5%. Reliance Industries and Wipro fell half a percent.

However, ONGC, L&T, SBI, SAIL, ABB, TCS, Tata Steel, Infosys, NTPC, Unitech, Hindalco, Tata Motors, HDFC, Reliance Infrastructure and BCPL were gainers.

On the sectoral front, Metal, Realty, Capital Goods, Healthcare, IT and Auto indices were down 1-3%. However, Bankex fell 1.4%.

Source:
http://www.moneycontrol.com/india/news/local-markets/mkts-choppy-midcap-smallcap
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