INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The BSE Midcap index was underperforming benchmark Sensex in the first half of Tuesday's session.
Around 11:20 am, the midcap
index was 1.31 per cent down at 15,516, while the BSE Sensex was 0.32 per cent down at 34,900
The NSE Nifty50 was 0.46 per cent down at 10,579 around the same time.
Shares of Future Retail (down 7.37 per cent), Shriram Transport
Finance Company (down 5.46 per cent) and Reliance Communications (down 4.76 per cent) were among the top losers in the midcap index.
Piramal
Enterprises (down 4.09 per cent), Adani Power (down 4.05 per cent), IDBI Bank (down 4.01 per cent), Torrent Power (down 3.55 per cent) and
Reliance Power (down 3.37 per cent) were also among the losers of the index.
On the other side, NLC India (up 2.85 per cent), Mphasis (up
1.90 per cent), Tata Global Beverages (up 1.27 per cent), Biocon (up 1.04 per cent) and Larsen Toubro Infotech (up 1 per cent) were in the
green in the index.
Equity markets were in the negative zone on selling across sectors.
Investors were holding their bets as the RBI's
Monetary Policy Committee began its three-day meeting yesterday amid speculation that it may hike the key interest rate for the first time
in over four years on account of firming inflation
Power Grid, Bharti Airtel and YES Bank were leading among the Sensex losers.
