Small-&mid-cap stocks under selling pressure
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New Delhi: Small and mid-cap indices slumped on Friday in a broad based selling while the bluechip Sensex was flat. PSU stocks were also down across the board as the broader market showed most of the sectoral indices were down.
BSEsmall-cap Index was down 2.6 per cent in trade. MSTC was down 15 per cent, AstraZeneca Pharma was down 14 per cent, Surya Roshni was down 10 per cent, RVNL was down 9 per cent, Bector Foods was down 9 per cent, BEML was down 8 per cent, Onmobile Global was down 10 per cent. BSE mid-cap Index was also down 2.43 per cent with PFC down 10 per cent, GIC Re down 8 per cent, NHPC down 7 per cent, REC down 7 per cent, Ramco Cement down 7 per cent, SJVN down 7 per cent, UCO Bank 6 per cent, IOB down 6 per cent, IRFC down 5 per cent, HPCL down 5 per cent, Patanjali down 5 per cent.
PSU stocks are down heavily with the index down by more than 4 per cent. MTNL is down 8 per cent, KIOCL is down 9 per cent, NBCC is down 8 per cent, SCI is down 8 per cent, Railtel is down 7 per cent, Hindustan Copper is down 7 per cent, IOC is down 7 per cent, Nalco is down 6 per cent, Hudco is down 6 per cent.
