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Share market update: Smallcaps outperform Sensex; Gati, Rolta India among top gainers

NEW DELHI: The BSE Smallcap index was outperforming benchmark Sensex in Monday's trading session.

Around 10:50 am, the smallcap index was 0.27 per cent up at 16,494, while the Sensex was 0.07 per cent down at 37,310. The Nifty50 was 0.03 per cent down at 11,275 around that time.

Shares of Schneider Electric Infrastructure (up 12.64 per cent), Techno Electric & Engineering Company (up 10.78 per cent), Gati (up 10.49 per cent), Rolta India (up 8.41 per cent) and Usha Martin (up 8.35 per cent) were among the top gainers in the smallcap index.

However, A2Z Infra Engineering (down 7.68 per cent), Pioneer Distilleries (down 6.67 per cent), Info Edge (India) (down 6.10 per cent), DCM Shriram Industries (down 5.87 per cent) and JBF Industries (down 5 per cent) were among the top losers in the index around that time.

Equity benchmarks erased early gains and turned flat ahead of RBI policy meet beginning today.

Global cues too were subdued ahead of key central bank, including Bank of Japan and the Federal Reserve meetings, scheduled this week.

HDFC twins, Infosys, Larsen & Toubro and ITC were among the top drags on Sensex.

State Bank of India, ICICI Bank and Reliance Industries were among top Sensex gainers.
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