BSE Smallcap index falls over 1%; PVR, Inox Leisure tank up to 14%

46 stocks including Den Networks, Tejas Networks, Oriental Bank, Kwality, Kajaria Ceramics, JBF Industries, Andhra Bank, Dena Bank and Balalji Telefims from the BSE Smallcap index have hit 52-week low

Shares of smallcap companies were under pressure with the S&P BSE Smallcap index falling more than 1% after a sharp decline in stock prices of PVR, KNR Constructions, Inox Leisure and Gujarat Narmada Valley Fertilizers & Chemicals (GNFC).

At 02:43 PM; the S&P BSE Smallcap index, the largest loser among broader indices, was down 1.3% or 215 points at 16,205. On comparison, the S&P BSE Sensex was trading 0.07% higher at 36,567 points.

The stocks of multiplex operator Inox Leisure  (down 14% at Rs 217) and PVR (down 12% at Rs 1,224) have plunged more than 10% in