Nifty small cap index enters bear territory, sheds 20% from mid-Jan peak

Midcap index fares no better, is down 15% from peak in January, and shaving 8.5% this month

The Nifty Smallcap 100 index, a measure of the performance of companies with market capitalisation of $1 billion, has slipped into bear market territory. The index is down 20 per cent from its peak touched in mid-January. The Nifty Smallcap 100 index has slipped more than nine per cent in May and is on course to post its worst monthly drop in over 18 months. The performance of the Nifty Midcap 100 index, which consists of companies with market cap between $1.5 billion and $4 billion, is equally bad. The index is down 15 per cent from its peak in