Selling was also seen in mid and smallcap space, with hundreds of counters hitting lower circuit limits. Analysts believe weak global cues soured the sentiments back home.
The 30-share pack Sensex climbed 151.81 points or 0.28 per cent to close at 54,554.66. The index traded in a range of 471 points. Its broader peer NSE Nifty dropped 21.85 points or 0.13 per cent to 16,280.10.
“After a steady rally during the previous months, the small and mid-cap stocks are witnessing consolidation for the past few trading sessions while buying interest has shifted to large caps. The third wave of Covid and fall in liquidity will be a lethal combination for highly-priced mid & small caps,” said Vinod Nair, Head of Research at Geojit Financial Services.
Markets at a glance:
- Laxmi Organics jumps 10 per cent after the strong performance in Q1
- Sona BLW Precision climbs further 2 per cent on strong Q1 show
- Bharti Airtel continues its rally, rises further 4 per cent
- Smallcap stocks bleed, Nifty Smallcap down over 2 per cent
- IPO watch: Novoco subscribed 27 per cent, CarTrade 91 per cent, Chemplast 14 per cent, Aptus 22 per cent
MORE TO COME…
