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Markets slip into red - Midcap stocks begins to crack

August 13th, 2008

Selling pressure seems to be triggering the bears over bulls as markets re-entered into the red territory once again. Selling turns out to be more in the few attempted the markets tried to rebound.

Nifty is at 4532.75 down 0.43%. CNX Midcap is down 0.25% while Nifty Midcap 50 is down 0.70%. Top midcap losers include Tata Chemicals (down over 6%), Lanco Infratech Limited (LITL) (down over 5%), HCC, Mahindra Lifespace Developers Limited (Ticker: MAHLIFE), Bajaj Hindustan (all down over 4%). On the other hand, Nifty Midcap 50 gainers list includes Divis Lab (up over 2%), AIA Engineering, Shree Cements, IVRCL Infra, APIL (all up over 1%) amongst others.

Sensex is down 0.69% having lost 105.14 points and is currently trading at 15106.99 points.

Entry Filed under: Equity Markets