Mid-and small-cap stocks have taken a beating thus far in calendar year 2018 (CY18). The S&P BSE Mid-cap and S&P BSE Small-cap indices have lost nearly 15 per cent and 19 per cent respectively, as compared to 7 per cent rise in the S&P BSE Sensex till July 20. The Nifty Small-cap 100 index hit a 52-week low of 6,926.80 on July 19, after a sharp decline in market values of Jet Airways (India), PVR and Manpasand Beverages.
Also Read: Rising inflation among key risks to Indian equity market: Morgan Stanley
Also Read: Rising inflation among key risks to Indian equity market: Morgan Stanley
The fall in both these indices comes