BSE Mid Cap, Small Cap indices tumble

News Flash

Expect Wipro to miss guidance in Q3
50% weight of Index under stress for Q3 earnings
Sensex FY'09 EPS may fall to Rs.880/sh post Q3 nos
HCL Tech had deferred Oct joining dates to Jan: NW
Defers joining date of some recruits by 3 months: NW
Magnitude of global eco slowdown to determine markets
Expect global markets to 'pick up' by end 2009
Neighbouring countries give sanctuaries to insurgents
Security situation has become more complex
Weak Q3 nos reflecting in the current stock prices
Trends for CY'09 hints at low inflation and interest rates
Expect GDP growth rate for current fiscal at 7%
Shanghai up 1.5%, Kospi up 1%, Taiwan up 0.5%
Hang Seng down 1.1%, Straits down 1%
Asian markets trade mixed; Nikkei up 0.5%
Sensex support seen at 10,180-9,980 levels
Drop in interest rates not enough to up lending by banks
2nd stimulus pkg does not address issue of demand
Don't see markets recovering till late 2009
Board meet on Jan 15 to consider stock split
DCB given time up to Mar'09 to cut promoter to 10%
Stake sale halted due to valuation concerns: Sources
Asks RBI to extend deadline to cut promoter stake: Srcs
Under RBI scanner; fails to cut promoter holding: Srcs
SMS your queries at 56388
Email your queries to buyorsell@ndtv.com
Call 011-26201171 for all your stock queries
Obama's stimulus plan a key trigger for global economy
Expect continued weakness in crude oil prices
China's oil demand fell by 500,000-600,000 bbl Oct-Nov

Updated: 24/03/2008 | 12:00 AM IST

Manufacturing

BSE Mid-Cap, Small-Cap indices tumble

Capital Market

Monday, March 24, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

Sensex was up 188.26 points or 1.28% to 15,186.20 on positive cues from the global markets. On Thursday, 20 March 2008, US stocks closed their best week in nearly two months and are seen extending the solid rally this week, bolstered by the Federal Reserve's aggressive liquidity action.

The market breadth, indicating overall health of the market, was weak. On BSE, 2012 shares declined as compared to 457 that advanced. 56 remained unchanged.

The BSE Mid-Cap index underperformed the market over the past one month to 19 March 2008, declining 22.40% as against the Sensex's 17.04% decline. It also underperformed the market in the past three months, sliding 33.92% against the Sensex's fall of 21.75%.

The BSE Small-Cap index underperformed the market over the past one month to 19 March 2008, declining 26.67% as against the Sensex's 17.04% decline. It also underperformed the market in the past three months, sliding 38.86% against the Sensex's fall of 21.75%.

Among the mid-cap and small-cap stocks, S Kumars Nationwide (down 26.56% to Rs 83.40), Indus Fila (down 20% to Rs 90.25), IOL Broadband (down 20% to Rs 155.65), Arston Engineering (down 14.91% to Rs 25.40), and Orbit Corporation (down 15.41% to Rs 341), declined

However, Modern Steel (up 20% to Rs 22.85), International Conveyors (up 20% to Rs 175), Shalimar Paints (up 10.72% to Rs 248.40), Visa Steel (up 9.96% to Rs 38.10), and Ledo Tea Company (up 8.83% to Rs 39.45), advanced.