Midcap, Smallcap fall three times as bad as Sensex

While Sensex has fallen over 7% since Dec, S&P BSE Mid Cap index has dropped over 26%

The fall in the S&P BSE Sensex, an index of thirty large companies that are said to be broadly representative the performance of stocks on Asia’s oldest bourse, is far lower than indices representing smaller companies.

The BSE’s mid cap and small cap indices have fallen three or four times as much so far in 2013.

The S&P BSE Sensex has fallen 1,430.56 points or 7.36% since the end of December. It dropped from 19,426.71 to 17,996.15, as per the closing level on Wednesday.

Meanwhile, the S&P BSE Mid Cap index has dropped over 26%. It has fallen from 7,112.89 to 5,224.13, a decline of 1,888.76 points or 26.55%.

The S&P BSE Small Cap index has done worse. It has fallen from 7,379.94 to 5,145.47, dropping 2,234.47 or 30.27%.

Meanwhile, the underperformance continued even as the markets were up on Thursday. The Sensex was up at 18164.85, up 168.70 points or 0.94%. The mid cap index was up 0.62%, while the small cap index was up 0.60%.

The markets are expected to remain volatile today, according to a report by ‘Equity Market 360 Degree’ report by SMC Investments and Advisors.

“The market is expected to remain volatile...as traders roll over positions in the futures & options (F&O) segment from the near month August 2013 series to September 2013 series,” the report authored by analysts Dinesh Joshi and Dhirender Singh Bisht dated Thursday said.