 "Turbulence in broader market continues; Small-cap index hits 32-month low")
Midcaps and small-cap stocks continued to suffer with both the indices slipping to over two-year low levels on the BSE on Friday amid weak earnings and slowdown concerns. The S&P BSE Smallcap index hit its 32-month low, while the midcap index touched 30-month low in intra-day deal today.
The smallcap index touched 11,951 levels, its lowest level since December 29, 2016, while the midcap index hit a low of 12,915, its lowest level since February 1, 2017.
The Smallcap index (down 5 per cent) and midcap index (down 4.3 per cent) have lost more than 4 per cent thus far in the current week and are set to post their respective biggest weekly falls in 11 months. In comparison, the S&P BSE Sensex was down 3 per cent.
During the week ended September 30, 2018, the smallcap index had tanked 8.5 per cent, while the midcap index had plunged 5 per cent, as compared to 1.7 per cent decline in the benchmark index.
Banks, financial services, and metals cracked the most as foreign investors' selling spree expanded so much so that even big buying by domestic mutual funds failed to stem the fall as sentiment turned weak. Besides foreign portfolio investor outflows and rise in global crude oil prices also weakened the sentiment.
A total of 50 stocks from the mid-and-smallcap indices hit their respective all-time lows on the BSE. This includes PNB Housing Finance, Housing and Urban Development Corporation (HUDCO), Reliance Infrastructure, Reliance Power, Khadim India, Lovable Lingerie, DB Corp, Manpasand Beverages and Parag Milk Foods.
At 10:38 am, the Midcap index had erased its entire 1.3 per cent or 228 points fall and was trading 0.48 per cent or 63 points higher at 13,143. Smallcap index, too, recovered 160 points from its early morning low and was trading flat at 12,111 level.
The smallcap index touched 11,951 levels, its lowest level since December 29, 2016, while the midcap index hit a low of 12,915, its lowest level since February 1, 2017.
The Smallcap index (down 5 per cent) and midcap index (down 4.3 per cent) have lost more than 4 per cent thus far in the current week and are set to post their respective biggest weekly falls in 11 months. In comparison, the S&P BSE Sensex was down 3 per cent.
During the week ended September 30, 2018, the smallcap index had tanked 8.5 per cent, while the midcap index had plunged 5 per cent, as compared to 1.7 per cent decline in the benchmark index.
Banks, financial services, and metals cracked the most as foreign investors' selling spree expanded so much so that even big buying by domestic mutual funds failed to stem the fall as sentiment turned weak. Besides foreign portfolio investor outflows and rise in global crude oil prices also weakened the sentiment.
A total of 50 stocks from the mid-and-smallcap indices hit their respective all-time lows on the BSE. This includes PNB Housing Finance, Housing and Urban Development Corporation (HUDCO), Reliance Infrastructure, Reliance Power, Khadim India, Lovable Lingerie, DB Corp, Manpasand Beverages and Parag Milk Foods.
At 10:38 am, the Midcap index had erased its entire 1.3 per cent or 228 points fall and was trading 0.48 per cent or 63 points higher at 13,143. Smallcap index, too, recovered 160 points from its early morning low and was trading flat at 12,111 level.
| COMPANY | LATEST | ONE-WEEK BEFORE | LOSS(%) |
| CG POWER & INDU. | 9.60 | 17.95 | -46.5 |
| H D I L | 6.33 | 11.28 | -43.9 |
| RELIANCE CAPITAL | 32.85 | 48.40 | -32.1 |
| OSWAL GREEN TECH | 7.25 | 10.61 | -31.7 |
| AKSH OPTIFIBRE | 5.63 | 7.85 | -28.3 |
| M T N L | 4.61 | 6.35 | -27.4 |
| RATTANINDIA INFR | 1.20 | 1.62 | -25.9 |
| EDELWEISS.FIN. | 99.70 | 134.00 | -25.6 |
| ARSHIYA | 15.75 | 20.90 | -24.6 |
| THOMAS COOK (I) | 127.25 | 167.40 | -24.0 |
| SHREYAS SHIPPING | 66.25 | 87.00 | -23.9 |
| JET AIRWAYS | 31.25 | 40.25 | -22.4 |
| SIMPLEX INFRA | 51.40 | 66.00 | -22.1 |
| COX & KINGS | 5.40 | 6.93 | -22.1 |
| CONFIDENCE PETRO | 20.25 | 25.95 | -22.0 |
| RELIANCE NAV.ENG | 1.16 | 1.48 | -21.6 |
| ITI | 59.25 | 75.20 | -21.2 |
| RUCHI SOYA INDS. | 4.36 | 5.51 | -20.9 |
| INOX WIND | 33.20 | 41.95 | -20.9 |
| SINTEX PLASTICS | 2.99 | 3.77 | -20.7 |
| GODAWARI POWER | 137.00 | 172.55 | -20.6 |
| MINDA CORP | 68.10 | 85.75 | -20.6 |
| INOX WIND | 33.55 | 41.95 | -20.0 |
| SEAMEC LTD | 301.00 | 376.05 | -20.0 |
| PARAG MILK FOODS | 136.75 | 170.00 | -19.6 |
| V2 RETAIL | 97.80 | 121.35 | -19.4 |
| REL. COMM. | 1.00 | 1.24 | -19.4 |
| GTL INFRA. | 0.46 | 0.57 | -19.3 |
| RELIANCE INFRA. | 37.60 | 46.25 | -18.7 |
| RELIANCE POWER | 2.88 | 3.54 | -18.6 |
| MERCATOR | 1.36 | 1.67 | -18.6 |
| SHIVA CEMENT | 6.85 | 8.41 | -18.6 |
| CAPACIT'E INFRA. | 180.00 | 220.80 | -18.5 |
| ESTER INDS. | 32.60 | 39.85 | -18.2 |
| GAYATRI PROJECTS | 109.10 | 133.25 | -18.1 |
| MANPASAND BEVER. | 16.50 | 20.15 | -18.1 |
| INDBULL.REALEST. | 65.75 | 80.15 | -18.0 |
| VIKAS ECOTECH | 3.57 | 4.34 | -17.7 |
| UJAAS ENERGY | 3.75 | 4.55 | -17.6 |
| STERLITE TECH. | 116.50 | 141.25 | -17.5 |
| RAMKRISHNA FORG. | 335.00 | 405.45 | -17.4 |
| ZEE MEDIA | 8.80 | 10.65 | -17.4 |
| SPECIALITY REST. | 58.30 | 70.40 | -17.2 |
| ESSEL PROPACK | 81.50 | 98.40 | -17.2 |
| INDIAN TERRAIN | 70.00 | 84.50 | -17.2 |
| ROYAL ORCH.HOTEL | 54.60 | 65.80 | -17.0 |
| BPL | 14.15 | 17.05 | -17.0 |
| INDIABULLS INTEG | 87.10 | 104.55 | -16.7 |
| PC JEWELLER | 28.10 | 33.70 | -16.6 |
| GIC HOUSING FIN | 164.00 | 196.40 | -16.5 |
| 3I INFOTECH | 1.67 | 2.00 | -16.5 |
| HEALTH.GLOBAL | 102.85 | 123.15 | -16.5 |
| NCC | 52.10 | 62.35 | -16.4 |
| JBF INDS. | 6.52 | 7.80 | -16.4 |
| INDO RAMA SYNTH. | 25.25 | 30.20 | -16.4 |
| ACTION CONST.EQ. | 53.35 | 63.75 | -16.3 |
| TVS ELEC. | 104.40 | 124.75 | -16.3 |
| WEIZMANN FOR. | 302.55 | 361.10 | -16.2 |
| SORIL INFRA | 89.25 | 106.45 | -16.2 |
| PANACEA BIOTEC | 121.20 | 144.40 | -16.1 |
| WALCHAN. INDS. | 54.00 | 64.25 | -16.0 |
| T B Z | 31.30 | 37.20 | -15.9 |
| R C F | 37.50 | 44.45 | -15.6 |
| I T D C | 155.25 | 184.00 | -15.6 |
| S A I L | 30.50 | 36.15 | -15.6 |
| MUKAND | 28.95 | 34.25 | -15.5 |
| NILA INFRASTRUCT | 4.28 | 5.06 | -15.4 |
| HBL POWER SYSTEM | 14.00 | 16.55 | -15.4 |
| MIRC ELECTRONICS | 10.70 | 12.64 | -15.4 |
| AJMERA REALTY | 101.20 | 119.55 | -15.4 |
| K E C INTL. | 245.10 | 289.30 | -15.3 |
| RELIANCE HOME | 5.96 | 7.03 | -15.2 |
| VETO SWITCHGEARS | 44.60 | 52.60 | -15.2 |
| J KUMAR INFRA | 115.00 | 135.50 | -15.1 |
| LINCOLN PHARMA. | 136.00 | 160.10 | -15.1 |
| PRABHAT DAIRY | 54.25 | 63.85 | -15.0 |
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