Mid-cap,small-cap indices beat Sensex

The BSE small-cap and the mid-cap cos outperformed their large cap counterparts today.

The BSE small-cap and the mid-cap companies outperformed their large-cap counterparts in a highly volatile trade today as the two indices saw a gain of nearly 1 per cent each against 0.20 per cent fall in the broader market benchmark Sensex.

The BSE small cap index settled 0.71 per cent higher at 7,352.01,while the mid-cap index closed at 6,476.46,up 0.73 per cent from the previous close.

However,the benchmark index Sensex fell by 0.20 per cent to settle at 17,065.15,after swinging wildly alternately between positive and negative terrain during the day.

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“Anxiety about Greece’s ability to clinch a final deal on a second financial bailout from international lenders …will decide the outlook for the remainder of the week,” said Amar Ambani,Head of Research,IIFL.

Among the Sensex stocks ICICI Bank,Jaiprakash Associates Coal India,Wipro and SBI were the top performers.

However,Hero Motocorp,Hindalco Industries,Maruti Suzuki India and Reliance Industries led the losers side.

From the mid-cap front,Bajaj Hindusthan zoomed 9.02 per cent,Alok Industries jumped 2.45 per cent and Amtek Auto surged 4.87 per cent.

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Stride Arcolab,Prism Cement,TV18 Broadcast and Arvind rallied in the range of 2-12 per cent.

Among the small-cap companies,BL Kashyap spurted by 8.85 per cent,Timken India rose by 6.54 per cent.

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