Nifty smallcap100 index extends fall for 4th straight day, Midcap index declines 0.5%; here are top gainers, losers

Nifty smallcap100 index extends fall to 4th straight day, Midcap declines 0.5%.

Nifty Smallcap100 index declined for the fourth consecutive session on Tuesday as investors booked profits amid concerns over high valuations.

The index slipped 0.11 percent in today’s trade, extending its total loss to over 1 per cent over the past four sessions.

Among major laggards in the smallcap segment, Aarti Industries fell 3.5 percent to Rs 426.45 on the NSE. Other notable losers included Reliance Power, Crompton Greaves Consumer Electricals, Sonata Software, and PVR INOX, which declined up to 2.63 percent.

Meanwhile, the Nifty Midcap100 index traded lower by 0.4 percent, snapping its recent gains.

AU Small Finance Bank was the top loser in the midcap space, shedding over 3 percent to Rs 729.3 per share. The decline came after the lender reported a deterioration in asset quality, with gross non-performing assets (NPAs) rising to 2.47 percent of gross advances at the end of the June quarter, compared to 1.78 percent a year earlier.

The bank reported a 16 percent year-on-year rise in net profit to Rs 581 crore for the June quarter, up from Rs 503 crore in the same period last year.

Other prominent midcap stocks under pressure included Voltas and Aurobindo Pharma, which dropped 2.5 percent and 2.7 percent, respectively. Sona BLW Precision Forgings and Supreme Industries also declined up to 2.3 percent.

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