NEW DELHI: BSE Midcap index was underperforming benchmark Sensex in afternoon trade on Friday.
Around 1:10 pm, the midcap index was 0.57 per cent down at 16,500, while the Sensex was 0.30 per cent down at 38,221.
Apollo Hospitals Enterprise (up 4.37 per cent), Mphasis (up 2.63 per cent), Tata Chemicals (up 2.25 per cent), RBL Bank (up 1.19 per cent) and Rajesh Exports (up 1.13 per cent) were among the top gainers in the midcap index.
On the other hand, Wockhardt (down 2.97 per cent), Reliance Communications (down 2.71 per cent), Larsen & Toubro Infotech (down 2.60 per cent), GMR Infrastructure (down 2.57 per cent) and L&T Finance Holdings (down 2.52 per cent) were among the top losers in the index around the same time.
Indian equity market was lacklustre amid mixed global cues as trade talks between the US and China ended without any significant outcome.
Caution crept in ahead of Federal Reserve Chairman Jerome Powell's speech at the annual global central bank conference in Jackson Hole later in the day.
Besides, profit-booking at record levels amid weakness in the Indian rupee against the US dollar dented sentiment here.
In the Sensex kitty of stocks, 14 stocks were advancing, while 17 stocks were declining.
ONGC, Vedanta and Coal India were leading among Sensex scrips.
YES Bank, Sun Pharma and ICICI Bank were among the top losers in the Sensex index.
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