INSUBCONTINENT EXCLUSIVE:
Smallcap and midcap indices of the BSE have tumbled up to 15.42 per cent so far this fiscal, taking bigger hit when compared to their
An analysis of the performance of the three indices shows that the S-P BSE smallcap index has dropped 2,317.4 points or 15.42 per cent so
far this fiscal and midcap index has tanked 1,985 points or 12.82 per cent
However, fall in BSE's frontline gauge Sensex was not as sharp when compared with the smaller stocks
The 30-share flagship index is down 1,527.46 points or 3.94 per cent during the period under review
The midcap index touched its 52-week low of 12,914.63 on August 23 this year and the smallcap hit its one year low of 11,950.86 on the same
According to analysts, higher taxes on super rich and foreign portfolio investors, coupled with slowdown in auto sector, dented investor
sentiments in the domestic equity market
Globally, concerns over of slow growth, US-China trade war and impending recession fears also led to weak sentiment, they added
During times of uncertainty in markets, small stocks are more prone to heavy selling pressure
According to analysts, smaller stocks are generally bought by domestic investors, whereas overseas investors mainly focus on frontline
The midcap index tracks companies with a market value that is on an average one-fifth of large firms, while smallcap firms are almost a