INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex during afternoon trade on Monday.
Around 1 pm, the midcap index was
0.26 per cent down at 15,812, while the Sensex was 0.05 per cent down at 35,209
The Nifty50 index was 0.15 per cent down at 10,681 around the same time.
Shares of Adani Power (down 4.34 per cent), Reliance Communications
(down 3.95 per cent) and Mphasis (down 3.74 per cent) were the top losers in the midcap index.
PNB Housing Finance (down 3.14 per cent),
NBCC (India) (down 2.95 per cent), Rajesh Exports (down 2.65 per cent), IDBI Bank (down 2.50 per cent) and TVS Motor Company (down 2.48 per
cent) also suffered significant losses in the midcap index.
On the other hand, Vakrangee (up 4.97 per cent) was topping the chart of midcap
gainers.
SAIL (up 4.65 per cent), Sun TV Network (up 3.64 per cent), Crisil (up 3.26 per cent), Bayer Cropscience (up 1.89 per cent), Bharat
Electronics (up 1.80 per cent), Indraprastha Gas (up 1.77 per cent) and Page Industries (up 1.63 per cent) also appeared among the top
midcap gainers.
Equity benchmarks were treading cautiously as investors remained on the sidelines ahead of RBI's monetary policy review
meeting beginning today.
RBI's second bi-monthly monetary policy meeting of 2018-19 will be held from June 4-6.
Among the 50 stocks in the
Nifty index, 21 were trading in the green, while 29 were in the red
In the Sensex kitty of stocks, 12 stocks were trading up, while 19 were down.
Asian Paints, Power Grid Corporation and HDFC Bank were
leading among the Sensex losers
