Banks, PSUs lead the selloff with mid and smallcap indices taking a bigger knock

BSE Midcap and Smallcap indices in the broader markets saw a fall of more than 2 percent on account of profit booking

Benchmarks Sensex and Nifty were trading lower by half a percent on February 12, with steeper correction for midcap and smallcap indices. BSE midcap and smallcap indices were down close to 2 percent on account of profit booking. Banking and realty share were the hardest hit in this wave of selling.

The Nifty Bank index was nearly 2 percent, with Bandhan Bank, PNB, Kotak Bank, IDFC First Bank and IndusInd Bank leading the losses. All 12 index constituents were trading in the red.

The Nifty PSU bank index was down over 3 percent, as Indian Overseas Bank, Central Bank, PSB, Maharashtra Bank, UCO Bank and Indian Bank stocks fell up to 10 percent intraday.

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The Nifty realty index was down more than 3 percent as a correction of up to 5 percent was seen in names like Sobha, Lodga (Marcotech Developers) and  Phoenix Mills.

Media stocks like Dish TV, DBC Corp, Hathway and Zee Entertainment Enterprises tanked up to 7.5 percent, dragging the Nifty Media index over 2 percent down.

Rout in midcaps, smallcaps

SJVN, Amber Enterprises, NBCC (India), HUDCO, IRB Infrastructure Developers, Indian Overseas Bank and MCX India were among the top losers on the smallcap index as they fell in the range of 9 to 20 percent.

In the Nifty midcap 100 index, NHPC, IRFC, Bharat Dynamics, RVNL and Yes Bank shares declined the most with a loss of around 8 to 12 percent.

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