BSE Sensex closes flat, even as mid-cap, small-cap shares crash as much as 60%
Although Sensex managed to close in the positive terrain at 19,331.69, up 14.68 points or 0.08 per cent breaking a two-day string of losses, market sentiment was negative due to over 1 per cent fall each in mid-cap and small-cap indices.
Around 1,802 scrips fell while 1,011 counters closed up.
IT stocks led by Infosys, TCS and Wipro closed the day with 1-3 per cent gain. Tata Motors also ended over 2 per cent higher. Entities interested in banking like Religare closed around 8 per cent higher.
Cipla (2.6 pc), L&T (2.3 pc), CIL (1.99 pc) and ONGC led 15 losers in 30-share Sensex. RIL also slipped over 1 percent.
In the mid-cap space, shares of Core Projects tumbled 62 per cent and was the biggest loser on BSE, while scrips of Aanjaneya Lifecare, Sudar Ind., Flexituff, ABG Shipyard, Welspun Corp and Gemini Comm. plunged by 20 per cent each.
Market regulator Sebi, along with the bourses which act as front-line regulators, are looking into possible links of a rogue trader who has been barred from the capital markets but could still be trading through front entities.
"Absence of retail investors in Indian capital market is because majority of midcaps are manipulated and operators are never caught," said Vijay
Be the first to comment.