But the Mid-Cap index underperformed the Sensex, rising 1.38% at 3,883.34. The BSE Sensex was up 128.62 points, or 1.40%, to 11460.85. The market surged tracking rally across Asian stocks which spurted after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.

ICSA (India) (up 40.17% at Rs 220.20), Rolta India (up 22.39% at Rs 202), Spice Communication (up 19.63% at Rs 45.70), Usha Martin (up 17.77% at Rs 44.40), and Rajesh Exports (up 17.65% at Rs 26), spurted from the BSE Mid-Cap index.

English Indian Clays (up 20% at Rs 346.85), Heritage Foods (India) (up 20% at Rs 89.45), Sonata Software (up 19.89% at Rs 21.40), Electrosteel Castings (up 19.88% at Rs 19.60), and Magma Shrachi Finance (up 16.93% at Rs 260), soared from the BSE Small-Cap index

The BSE Mid-Cap index had underperformed the market over the past one month till 13 October 2008, declining 30.82% as compared to the Sensex’s decline of 19.23%. It had also underperformed the market in the past one quarter, falling 28.61% as compared to the Sensex’s decline of 16.04%.

The BSE Small-Cap index had underperformed the market over the past one month till 13 October 2008, declining 32.74% as compared to the Sensex’s decline of 19.23%. It had also underperformed the market in the past one quarter, falling 32.76% as compared to the Sensex’s decline of 16.04%.

source: Capitalmarket

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