Broader market indices continue to take a fall

Broader market indices have showcased a downward trend from the past two trading days. The BSE Mid-Cap index dropped 1.06% at the 14,611 levels while the BSE Small-Cap also dipped by 1.56% at the 14,842 levels at 1007 hours.
 
In the Mid-Cap index, Indiabulls Housing Finance and UPL are contributing majorly to the index losses. Both the stocks are contributing more than 10 points. Indiabulls was trading down by 1.71% at Rs 1,136 per share and UPL dropped by 1.92% at Rs 805 per share.
 
Union Bank and Adani Power are the top losers in the Mid-Cap index. Union Bank was down by 6.88% at Rs 125 per share while Adani Power dipped by 6.09% at Rs 27 per share. Among others, Adani Enterprises was down by 5.33% at 110 per share, Mahindra & Mahindra Financial Services was lower by 5.13% at Rs 386 per share, Central Bank was lower by 4,81% at Rs 78 per share and Berger Paints was down by 3.77% at Rs 238 per share. Tata Communications and Sun TV were trading in the green zone, up by over 2%.
 
In the Small-Cap index, Jaiprakash Associates and Manappuram were contributing more than 6% to the index losses. Jaiprakash Associates was trading down by 11.35% at Rs 20 and Manappuram dipped by 8.62% at Rs 85 per share.
 
Cigniti was the top loser in the Small-Cap index, down by 20% at Rs 161 per share. Among others, Sanghvi Movers was lower by 10.17% at Rs 155 per share while High Ground Enterprise, Adani Transmission and Precision Camshafts were lower by 8%.