Five per cent gap in BSE smallcap index and four per cent gap in midcap

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In the past week under selling pressure


AHMEDABAD: The BSE Smallcap Index fell by 5 per cent and the Midcap Index by 4 per cent last week on the back of strong selling and other adverse factors, including rising inflation and high inflation. While the main index was broken around 1 percent.

The market boom since June after the first phase of last year's epidemic set a number of records so far. In the bullish phase, small-cap and mid-cap stocks rose sharply, with the indexes of the two sectors rising by 3 per cent and 5 per cent, respectively. Last week, the Sensex touched a high of 5,000.

Rising global inflationary pressures and rising global inflationary pressures have adversely affected the domestic market, with selling pressures from funds, operators as well as players, and the market retreating sharply to the bottom.

The Sensex and Nifty were down around 1 per cent over the weekend on the back of a sell-off. The BSE Midcap Index, on the other hand, fell 4.5 per cent to close at 7.5. The smallcap was down 2.31 per cent at 9.21 per cent, while the BSE 500 index was down 2 per cent.

The Nifty has formed a dark cloud color candle pattern on the weekly chart, indicating further softening, according to market studies circles. The Nifty now has 120 key support levels. While above are 1200 and 12 resistance levels.

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