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Midcap stocks continued to show stellar performance on Dalal Street as the BSE Midcap index surged 4.20 per cent in the first half of the ongoing calendar year, whereas benchmark index BSE Sensex advanced 3.21 per cent during the same period. On the other hand, BSE Smallcap index tumbled 1.17 per cent during the same period.
Concerns over record losses posted by public sector banks and possibility of an interest rate hike by the US Federal Reserve as early as June impacted market sentiments this week. As a result, benchmark indices BSE Sensex and NSE Nifty shed nearly a percentage point for the week ended May 20.
The benchmark BSE Sensex slid 8.69 per cent to 25,101.73 in the past one year till May 4 following uncertainty due to Chinese yuan devaluation and weak corporate earnings. The index was at 27,490.59 on the same day a year ago.