Friday, April 18, 2008

Mid-Cap, Small-Cap indices outperform Sensex

Sensex was up 222.05 points, or 1.38%, to 16,468.30 on positive cues from the global markets. US stocks vaulted higher on Wednesday, 16 April 2008, after Intel Corp, JPMorgan Chase & Co and other blue chips reported earnings that reassured investors worried that a weak economy would sap corporate profits.

The BSE Mid-Cap index underperformed the market over the past one month till 16 April 2008, gaining 1.76% compared to the Sensex`s return of 9.51%. It also underperformed the market in the past one quarter, declining 27.71% compared to Sensex`s decline of 17.55%.

The BSE Mid-Cap index had a 52-week high of 10,245.81 on 8 January 2008 and a 52-week low of 5,589.92 on 19 April 2007.

The BSE Small-Cap index had underperformed the market over the past one month till 16 April 2008, gaining 3.36% compared to the Sensex`s return of 9.51%. It also underperformed the market in the past one quarter, declining 33.31% compared to Sensex`s decline of 17.55%.

The BSE Small-Cap index had a 52-week high of 14,239.24 on 8 January 2008 and a 52-week low of 6,856.99 on 19 April 2007.

Among mid-cap and small-cap stocks, Chambal Fertilisers & Chemicals (up 23.55% to Rs 70.40), Development Credit Bank (up 23.44% to Rs 114), Liberty Shoes (up 20% to Rs 101.25), Spentex Industries (up 17.57% to Rs 22.75) and Mindtree Consulting (up 17.81% to Rs 481) surged.

However Surana Telecom (down 7% to Rs 36.55), KPR Mills (down 5.97% to Rs 100), Satnam Overseas (down 5.30% to Rs 115.35), Jain Irrigation (down 5.25% to Rs 630) and Krebs Biochemicals (down 5.05% to Rs 63) slipped.

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