INSUBCONTINENT EXCLUSIVE:
NEW DELHI: In line with midcaps, smallcaps too were underperforming Sensex in Monday's trade
Around 11:05 am, the BSE Smallcap index was 1.36 per cent down at 17,091, while the BSE Sensex was 0.25 per cent down at 34,761
The NSE Nifty50 was 0.36 per cent down at 10,558.Shares of Jaiprakash Associates (down 18 per cent) and Kitex Garments (down 16.87 per cent)
cracked over 15 per cent in the smallcap index.Shares of Strides Shasun (down 9.65 per cent), Century Textiles Industries (down 8.79 per
cent), GVK Power Infrastructure (down 8.64 per cent), Nitco (down 8.48 per cent) and 8K Miles Software Services (down 8.12 per cent)
plunged over 8 per cent in the index.However, shares of Indian Acrylics (up 10.94 per cent) and Dwarikesh Sugar Industries (up 10.84 per
cent) surged up to 11 per cent in the smallcap index.Dhampur Sugar Mills (up 9.12 per cent), Balrampur Chini Mills (up 7.85 per cent),
Pennar Industries (up 7.58 per cent) and Uttam Sugar Mills (up 7.34 per cent) jumped over 7 per cent.Equity markets were trading in the red
even as Asian peers were in the green amid easing trade war worries between the US and China.A surge in oil prices and falling rupee dealt a
blow to market sentiment.In the Sensex index, 11 stocks were up, while 20 were down.Sun Pharma, Dr Reddy's Labs and Hero MotoCorp declined
up to 2 per cent in the Sensex index.On the other hand, TCS, Coal India and ICICI Bank were trading among the top Sensex gainers.
