BSE Midcap Index Was 0.27 Per Cent Down At 16,590
On Wednesday, in the morning trade at around 11:00 am, the BSE Midcap index was underperforming benchmark Sensex. At same time, the BSE Midcap index was 0.27 per cent down at 16,590. However, the BSE Sensex was 0.20 per cent up at 35,288. On the other hand the NSE Nifty50 was 0.12 per cent up at 10,731 around the same time.
Some of the top loser stocks in the midcap index were Vakrangee, Dalmia Bharat, GRUH Finance, Blue Dart Express, IIFL Holdings, Godrej Agrovet, Cholamandalam Investment & Finance Company and Adani Enterprises.
However, the top gainer stocks in the midcap index include Aditya Birla Fashion and Retail, Larsen & Toubro Infotech, Mphasis, PNB Housing Finance, Au Small Finance Bank, Amara Raja Batteries and Havells.
As soon as the President Donald Trump pulled the US out of the landmark Iran nuclear deal, fanning fears of an escalation in geopolitical tensions, the equity benchmarks were flat on weak global cues. Oil, bank, auto and FMCG stocks were under pressure. However, metal and IT stock were seeing some buying interest.