Overall market breadth, however, remained positive on persistent buying by retail investors in second-tier stocks
witnessed heavy selling from retail investors and their indices underperformed the Sensex Realty, power, capital goods, consumer durable, metal, refinery and banking shares took the lead in downslide Shares of railway-related companies that were trading up at initial stages dropped up to 20% on profit-selling Prominent losers included Texmaco Rail, Titagarh Wagons, Kalindee Rail Nirman and Container Corporation.
Falls by main indexes contrasted with gains in second-tier stocks
(including Rosinter, Protek, Open Investments,Sollers, MRSKs, etc.
Pennon and Northumbrian Water were raised to neutral from underperform, helping them rise 4.
Investors were also focused on events outside the top flight after results from second-tier stocks
including TaylorWimpey and Enterprise Inns.
However, the market managed to close in the positive zone while second-tier stocks
But other second-tier stocks
fared much worse, with investment firm Rathbone Brothers suffering a 12 per cent fall to close 158p lower at 1157p.
The no-frills model will likely focus on large, listed stocks, while the full-service version will offer all of the services available today for second-tier stocks
emphasis toward better values among second-tier stocks
Investors remained active in the second-tier stocks
There was little in the way of corporate news, although two second-tier stocks
took their chance in the spotlight by posting strong updates.
Two other high-profile second-tier stocks
fared better, with glass maker Pilkington ahead 7p at 139.