Small-caps tumble: BSE Smallcap index hits lowest level since February 2017

Going ahead, analysts expect the markets to correct further from the current levels, which they say will be a good time to buy small-caps, albeit selectively

Continuous selling by foreign investors post the presentation of the Budget on July 5 and corporate results for April–June 2019 quarter that failed to enthuse investors have dented the overall market sentiment. The cut in the small-cap segment has been sharper since then, with the S&P BSE Smallcap index hitting its lowest level since February 2017 on Monday.

Since the presentation of the Budget earlier this month, the S&P BSE Sensex and the Nifty50 have lost around five per cent each. In comparison, the S&P BSE Smallcap