Smallcap Index 32 while Midcap dropped to the bottom of 30 months
Ahmedabad. 23 August 2019, Friday
Although the stock market improved today with optimism for FPI relief, the pressure to sell in small-midcap stocks came down at the bottom of the BSE Smallcap Index 3-month and Midcap-Index 3-month, among other adverse factors, including weak earnings.
Smallcap dropped to the bottom of Index 3 during trading hours at the Mumbai stock market today. Which is the lowest level since December 3. Midcap Index, on the other hand, dropped to the bottom of Index 2 today. Which is the lowest level since February 3.
The smallcap index fell 5% this week following heavy pressure from smallcap-midcap stocks. While the midcap index is down by 8.5%, the biggest weekly decline of the last 6 months. During this time, the Sensex has fallen 5%.
The smallcap index was down 5.5% during the week ended September 6. The midcap index was down 4%. About 3 stocks in this index are operating at its all-time low level.
Comments
Post a Comment