Stock exchange upgrade: BSE Smallcap decreases over 1%; PC Jeweller among the top drags

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The BSE Smallcap index was trading 1.31 per cent down at 16,757 around 01:10 pm on Monday. The BSE Sensex was 0.28 per cent down
at 35,127, while the Nifty50 was 0.34 per cent down at 10,659 around that time
Deep Industries (down 19.34 per cent), Leel Electricals (down 15.17 per cent), PC Jeweller (down 14.13 per cent), Medicamen Biotech (down
12.63 per cent) and Kesar Terminals Infrastructure (down 12.01 per cent) were the top losers in the smallcap index. Hester Biosciences
(down 10.35 per cent), Nandan Denim (down 9.98 per cent) and Mangalam Drugs and Organics (down 8.32 per cent) were also among the losers in
the smallcap index. On the other hand, Indian Acrylics (up 12.19 per cent), Anant Raj (up 10 per cent) and Atlanta (up 7.57 per cent) were
treading higher in the index. Trigyn Technologies (up 3.92 per cent), Man Infraconstruction (up 3.85 per cent), Jaypee Infratech (up 3.83
per cent), Spicejet (up 3.82 per cent) and Alok Industries (up 3.69 per cent) also found themselves among the gainers in the index. 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