Benchmark indices were trading lower in early deals today (September 13). Sensex lost 76 points to 67,145 and Nifty declined 19 pts to 19,974.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, “Market experts have been repeatedly warning of froth in the mid-and small-cap segments. And, the fear of sharp correction in this space has finally happened with 4.10% correction in the Nifty Small-cap index and 3.07% correction in the Nifty Mid-cap index. Even after this correction, fundamentals do not support the valuations in these segments. Therefore, more pain is likely. On the other hand, high quality large-caps in banking, capital goods and IT are on stronger wicket. More selling in the broader market and buying in large-caps is likely in the near-term."
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Shares of Adani Power slipped 4.5% to Rs 369.70 in early deals today. Market cap of the firm fell to Rs 1.42 lakh crore. Total 5.92 lakh shares of the firm changed hands amounting to a turnover of Rs 22.49 crore on BSE.
Shares of RVNL fell 5.28% to Rs 159 in early deals today. Market cap of the firm declined to Rs 33,506 crore. Total 28.72 lakh shares of the firm changed hands amounting to a turnover of Rs 47.83 crore on BSE.
Shares of Texmaco Rail crashed 7.25% to Rs 126.50 in early deals today. Market cap of the firm declined to Rs 4,261 crore. Total 4.61 lakh shares of the firm changed hands amounting to a turnover of Rs 6.20 crore on BSE.
Shares of IRCON crashed 6.31% to Rs 141.60 in early deals today. Market cap of the firm fell to Rs 13,317 crore. Total 28.32 lakh shares of the firm changed hands amounting to a turnover of Rs 41.47 crore on BSE.
Shares of RailTel tanked over 6% to Rs 208.75 in early deals today. Market cap of the firm fell to Rs 6,707 crore. Total 8.08 lakh shares of the firm changed hands amounting to a turnover of Rs 17.43 crore on BSE.
Shares of Titagarh Rail Systems tanked 10% to Rs 688.50 in early deals today. Market cap of the firm fell to Rs 8,800 crore. Total 0.81 lakh shares of the firm changed hands amounting to a turnover of Rs 5.78 crore on BSE.
Shares of Suzlon Energy fell 5% to Rs 21.71 in early deals today. Market cap of the firm fell to Rs 29,461 crore. Total 236.52 lakh shares of the firm changed hands amounting to a turnover of Rs 51.91 crore on BSE.
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