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BSE Smallcap index hits 10-month low; 111 stocks tank over 50% in CY18

Thus far in CY18, the S&P BSE Small-cap index has underperformed by falling 18%, as compared to 14% decline in the S&P BSE Midcap and 3% rise in the S&P BSE Sensex.

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)
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A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (pic: Reuters)

SI Reporter Mumbai
Shares of smallcap companies continue to be under pressure with the S&P BSE Smallcap index hitting 10-month low, down for the fourth straight trading day on the BSE on Thursday.

The S&P BSE Smallcap index was ended down 1% at 15,730, as compared to 0.51% decline in the S&P BSE Sensex. The smallcap index hit an intra-day low of 15,709, its lowest level since August 30, 2017, as global trade war concerns between US and other major economies and weak rupee dampened the sentiments.

According to a Reuters report, the rupee fell to an all-time low against the