Small-caps gain in volatile market
IT and banking shares fell sharply whereas FMCG and realty stocks bucked the weak trend. Gains in mid-cap and small-cap stocks led to positive market breadth.
Sensex fell 71.27 points or 0.44% at 16,015.56.
CNX S&P Nifty rose 1.40 points or 0.03% at 4830.25.
As per provisional data, foreign institutional investors bought shares worth a net Rs 247.98 crore today. Domestic funds bought shares worth a net Rs 339.84 crore.
Among the small-caps, Ankur Drugs And Pharma (up 20% at Rs 190.95), Classic Diamonds (
Power Grid Corporation of India rose 1.13% to Rs 98.50 on reports that the company may win a Sri Lankan sub-sea cable order worth Rs 2500 crore.
Great Offshore slipped 1.65% to Rs 614.75 after the company said it has sold its vessel - Malaviya Nine, a 1983 built anchor handling tug - supply vessel.
Power Finance Corporation gained 2.03% to Rs 166 after the company said it has signed a memorandum of understanding with RITES to combine its resources and expertise to facilitate import of coal from African countries.
Valecha Engineering, which is primarily into road construction business, jumped 5.23% to Rs 175.95 after the company said it has bagged new projects worth Rs 250 crore which includes road works at Pune,
J B Chemicals & Pharmaceuticals surged 20% to Rs 44.80 after the company scheduled a meeting of the board of directors on
i-flex Solutions declined 3.02% to Rs 953.75 even as the company said Lien Viet Bank,
Rajesh Exports jumped 2.92% to Rs 72.35 after the company clarified that it has not suffered any losses in any type of currency options, commodity trading or any other speculative business.
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