Even if the Nifty stayed above the 6000 mark, looking at the way midcaps behaved there cannot be any doubt that sentiment have taken a severe knock. In today's trade alone, midcap index lost over 2.8 percent. Midcap realty, infrastructure and IT companies were battered out of shape. Check out some of the midcap names that melted a good 6 percent to 21.6 percent.
HDIL Down 21.6 percent Investors began offloading shares of HDIL after its promoter sold 1 percent in the stock this week. The company's efforts to pacify investors via conference call had no impact.
IVRCL Down 19.8 percent There are reports doing rounds that an expert engineer working on NHAI project has been found dead in Coimbatore. IVRCL is in charge of executing the 1000 crore NHAI project
Hexaware Down 9.84 percent This mid-sized software services exporter had downgraded its revenue outlook for December quarter. The share touched its 52-week low of Rs 75.15.today.
Polaris down 9.56 percent The stock tanked because of its poor third quarter results. the company said its cloud business incurred a loss of Rs 20 crore in a single quarter.
Sintex Industries Down 8.36 percent The company reported 35 percent fall in its net profit to Rs 63.4 crore in the third quarter.
IRB Infra Down 7.58 percent According to Tulsian, herd mentality has taken the stock down. Weak sentiment related to IVRCL has rubbed off on IRB Infra.
Adani Enterprises Down 6.57 percent The shares were down today due to profit booking by investors.
Allahabad Bank Down 10.4 percent Increase in provisioning for non-performing assets and diminishing fair value of restructured accounts have dented investor sentiment. This Kolkata-based public sector lender is trying to offload Rs 540 crore worth of NPAs before the end of the fiscal.
Unitech Down 6.44 percent Investors have taken an aversion to realty stocks in general. After the HDIL episode, the aversion had sharpened towards certain players.