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Stock market update: Smallcaps trail Sensex; Shankara Building Products top loser

NEW DELHI: The BSE Smallcap index was trailing benchmark Sen..

NEW DELHI: The BSE Smallcap index was trailing benchmark Sensex in morning trade on Thursday.

The BSE Smallcap index was trading 0.08 per cent down at 17,334, while Sensex was 0.29 per cent up at 35,007 around 10:45 am. The Nifty50 index was 0.28 per cent up at 10,645 around the same time.

Shankara Building Products (down 18.77 per cent) was the top loser in the smallcap index.

It was followed by Atlanta (down 15.74 per cent) that hit lower circuit limit on Thursday after Price Waterhouse (PW), a network firm of PwC India quit as auditor to the construction and infrastructure company.

Leel Electricals (down 14.81 per cent), Fineotex Chemical (down 10.60 per cent), Arrow Greentech (down 9.99 per cent), Manpasand Beverages (down 9.99 per cent) and Dilip Buildcon (down 9.78 per cent) were the other significant losers in the index.

On the other hand, Punj Lloyd (up 17.34 per cent) emerged as the top gainer in the smallcap index.

The infrastructure firm on Wednesday reported a standalone profit of Rs 944 crore for the quarter ended March 2018.

The company had posted a loss of Rs 181.58 crore for the same period last year.

WPIL (up 14.55 per cent), BGR Energy Systems (up 14.16 per cent), Orient Cement (up 13.05 per cent) and Munjal Showa (up 9.99 per cent) also featured among top gainers.

Equity benchmarks pared gains owing to losses in heavyweights such as ICICI Bank, Tata Consultancy Services, State Bank of India and Sun Pharma.

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