BSE Smallcap index hits over 3-year low, tanks 28% in a month

As many as 27 stocks from the index have seen their stock price more than halve in a month

The S&P BSE Smallcap index hit an over 3-year low on Wednesday as shares of smallcap companies continued to reel under pressure on concerns of economic growth slowdown amid the coronavirus pandemic.

At 12:00 pm, the S&P BSE Smallcap index was down 4.2 per cent at 10,384 points -- its lowest level since March 30, 2016. In comparison, the S&P BSE Sensex and S&P BSE Midcap index were down 2.7 per cent and 3.5 per cent, respectively. In the past one month, the smallcap index has slipped 28 per cent, against 27 per cent decline in the Sensex and