<p>Shares of mid and small companies which saw a dream run in the past couple of months saw a sharp fall in late noon deals due to profit booking.<br /><br />The Bombay Stock Exchange (BSE) S&P BSE Mid-cap index and S&P BSE Small-cap index tanked nearly 6 percent each from their respective intra-day highs.<br /><br />S&P Mid-cap index touched an intra-day low of 8,334 after hitting a high of 8,826, while S&P small-cap index hit a low of 8,779 after touching a high of 9,300 in morning trades on the BSE. </p>.<p>At closing hours, both these indices were down about 2% each at 8,485 and 8,924 respectively.<br /><br />KSK Energy, HDIL, JP Power, Essar Ports, National Aluminum, Union Bank of India, TVS Motor and Karnataka Bank from the mid-cap space corrected more than 7 percent each. <br /><br />Nectar Lifescience, DB Realty, Peninsula Land, Chennai Petroleum, SpiceJet, IVRCL, Gitanjali Gems and Ashapura Minechem from small-cap index tanked over 10 percent each.<br /><br />Since September 13, 2013, most of these stocks have seen a dream run after the Bhartiya Janata Party (BJP) named Narendra Modi as the Prime Ministerial candidate.<br /><br />As many as 201 stocks out of the 779 counters that comprise the BSE Mid-cap, BSE Small-cap and the BSE-500 indices have appreciated more than 100 percent during the period.<br /><br />Of these, 42 stocks have surged more than 200 percent including Adani Enterprises, BEML, TVS Motor Company, KEC International, Sintex Industries, Ceat, Aban Offshore and Tata Elxsi. <br /><br />The benchmark indices – BSE Sensex and the CNX Nifty at NSE, in comparison, have rallied less than 30% during the same period.<br /></p>
<p>Shares of mid and small companies which saw a dream run in the past couple of months saw a sharp fall in late noon deals due to profit booking.<br /><br />The Bombay Stock Exchange (BSE) S&P BSE Mid-cap index and S&P BSE Small-cap index tanked nearly 6 percent each from their respective intra-day highs.<br /><br />S&P Mid-cap index touched an intra-day low of 8,334 after hitting a high of 8,826, while S&P small-cap index hit a low of 8,779 after touching a high of 9,300 in morning trades on the BSE. </p>.<p>At closing hours, both these indices were down about 2% each at 8,485 and 8,924 respectively.<br /><br />KSK Energy, HDIL, JP Power, Essar Ports, National Aluminum, Union Bank of India, TVS Motor and Karnataka Bank from the mid-cap space corrected more than 7 percent each. <br /><br />Nectar Lifescience, DB Realty, Peninsula Land, Chennai Petroleum, SpiceJet, IVRCL, Gitanjali Gems and Ashapura Minechem from small-cap index tanked over 10 percent each.<br /><br />Since September 13, 2013, most of these stocks have seen a dream run after the Bhartiya Janata Party (BJP) named Narendra Modi as the Prime Ministerial candidate.<br /><br />As many as 201 stocks out of the 779 counters that comprise the BSE Mid-cap, BSE Small-cap and the BSE-500 indices have appreciated more than 100 percent during the period.<br /><br />Of these, 42 stocks have surged more than 200 percent including Adani Enterprises, BEML, TVS Motor Company, KEC International, Sintex Industries, Ceat, Aban Offshore and Tata Elxsi. <br /><br />The benchmark indices – BSE Sensex and the CNX Nifty at NSE, in comparison, have rallied less than 30% during the same period.<br /></p>
