BSE Midcap index hits four-month low; Page Ind, Glenmark falls over 7%

Bharat Forge, Godrej Agrovet, Natco Pharma and Tata Chemicals from the index hit their respective 52-week lows in intra-day trade on Friday.

Shares of mid-cap companies were under pressure with the S&P BSE MidCap index hitting a four month low of 13,863, down 2 per cent on the BSE after a decline in pharmaceuticals, financials and consumer discretionary goods & services stocks.

The index hit its lowest level since October 26, 2018, was 2.3 per cent away from its 52-week low of 13,539 touched on October 9 in intra-day trade.

At 12:50 pm; the S&P BSE MidCap index was the largest loser among broader indices, as compared to 1 per cent fall each in the S&P BSE SmallCap and the benchmark index