Mid-, small-cap hit new highs even as Sensex extends losses

Even as key benchmark indices continue to linger in the negative territory in mid-noon trades, the broader market remained undeterred by the downward trend with both the BSE Mid-cap & Small-cap indices scaling new 52-week highs amid persisting investor buying interest.

At 12.55 pm, BSE Mid-cap was up 0.1 percent or 14.56 points, higher at 11,345.47, after hitting a new 1-year high of 11,440.38. Similarly, the BSE Small-cap index, after touching a new 52-week high of 12,020.59, was up a tad at 11,945.65. On other other hand, the BSE Sensex expanded losses on sustained selling pressure and was down 1.1 percent or 305.41 points, at 27,881.65.

In the mid-cap space, shares of Bajaj Finserv shot up 11.3 percent to Rs 2,120.70, Torrent Power surged 5.6 percent to Rs 157, Union Bank of India rose 5.1 percent to Rs 195.70, Canara Bank moved up 4.9 percent to Rs 306, Motherson Sumi Systems jumped 3.8 percent to Rs 363.75, SJVN rose 2.2 percent to Rs 25.70 and Glaxo was up 2.1 percent at Rs 3,658.60.

Among the small-cap gainers, shares of Shilpa Medicare zoomed 20 percent to Rs 1,078.20, Nitin Fire shot up 19.9 percent to Rs 37.85, BGR Energy flared up 11.3 percent to Rs 138.50, Century Enka scaled up 10 percent to Rs 211.60, GRL Infra soared 8.5 percent to Rs 2.56, NDL surged 7.3 percent to Rs 169.80 and Panacea Biotech was up 7.2 percent at Rs 170.