NEW DELHI: Midcaps were incurring more losses than Sensex during Thursday's trade.Around 12 pm, the BSE Midcap index was 0.72 per cent down at 15315, while the BSE Sensex was 0.22 per cent down at 35,138.
The NSE Nifty50 was 0.35 per cent down at 10,634.Mangalore Refinery and Petrochemicals (MRPL) (down 8.34 per cent), PNB Housing Finance (down 5 per cent), Shriram Transport Finance Company (down 4.36 per cent), Cholamandalam Investment Finance Company (down 3.96 per cent) and Mphasis (down 3.78 per cent) were among the top losers in the midcap index.On the other hand, Nalco (up 5.80 per cent), Vakrangee (up 4.94 per cent), TI Financial Holdings (up 3.78 per cent), Container Corporation of India (up 3.54 per cent) and Shriram City Union Finance (up 3.41 per cent) were among the top gainers.Equity markets were under pressure amid weak global cues.Macro indicators such as rising crude oil prices and weakening rupee too hit market sentiment.
Moreover, investors were on the sidelines on the last of June series of future and option contracts.Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.
In the Sensex index, 9 stocks were advancing, while 22 were declining.Coal India, ICICI Bank, Power Grid and HDFC were among the top losers in the Sensex index.