NEW DELHI: Smallcaps were outperforming Sensex in afternoon trade on Wednesday.
At 1:25 pm, the BSE Smallcap index was trading 1.1 per cent up at 14,554, while the benchmark Sensex was 0.50 per cent down at 36,343.
Shares of IL&FS Engineering & Construction Company (up 19.98 per cent), IL&FS Transportation Networks (up 19.85 per cent) and Trigyn Technologies (up 19.83 per cent) jumped up to 20 per cent in the smallcap index.
Vikas Ecotech (up 18.73 per cent), Gati (up 17.26 per cent), Infibeam Avenues (up 16.31 per cent) and Emmbi Industries (up 15.60 per cent) surged over 15 per cent.
However, shares of Ashapura Intimates Fashion (down 9.99 per cent), J Kumar Infraprojects (down 9.98 per cent) and A2Z Infra Engineering (down 8.33 per cent) cracked up to 10 per cent in the smallcap pack.
Sustained capital outflow, surging crude oil prices and rupee's poor health weighed on market sentiment.
Moreover, investors remained on the sidelines even as the RBI's monetary policy committee (MPC) meet began to decide on key rates.
Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.
In the Sensex index, 15 stocks were in the red and 16 in the green.
M&M, TCS, Axis Bank and Asian Paints were among the top losers in the Sensex index.
YES Bank, Vedanta, Coal India, ONGC and Tata Steel were leading among Sensex scrips.
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