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Small, midcap stocks under pressure

The S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex at 02:32 PM

A broker reacts at the BSE in Mumbai as Sensex tumbles over 850 points on Tuesday
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A broker reacts at the BSE in Mumbai as Sensex tumbles over 850 points on Tuesday

SI Reporter Mumbai
Shares of small and midcap companies were under pressure, falling by upto 11% after saw a strong run-up in past two weeks.

At 02:32 PM; the S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex.

In past two weeks, midcap and smallcap indices have outperformed the market, surged 6% and 4%, respectively. On comparison, the benchmark index was up 0.6% till Monday.

Anil Ambani led Reliance Group companies such as Reliance Communications (RCom), Reliance Naval and Engineering and Reliance Power were down between