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Shares of mid and small-cap companies are under pressure, dropping by up to 14% in noon deals on profit booking.
The Bombay Stock Exchange (BSE), S&P BSE Small-cap index tanked 4%, while S&P BSE Mid-cap dipped 3% compared to less than 1% decline in S&P BSE Sensex at 1350 hours.
Since September, the small-cap and mid-cap index had gained 10% and 8% respectively till yesterday.
Among individual stocks, Century Plywood, Munjal Showa, CCL Products, Himadri Chemicals, Marksans Pharma and Onmobile Global from small-cap have plunged more than 10% each, while GSFC, Delta Corp, Gujarat Pipavav Port, Coromondel International, Amtek India and National Aluminium from mid-cap declined between 7-10%.
The Bombay Stock Exchange (BSE), S&P BSE Small-cap index tanked 4%, while S&P BSE Mid-cap dipped 3% compared to less than 1% decline in S&P BSE Sensex at 1350 hours.
Since September, the small-cap and mid-cap index had gained 10% and 8% respectively till yesterday.
Among individual stocks, Century Plywood, Munjal Showa, CCL Products, Himadri Chemicals, Marksans Pharma and Onmobile Global from small-cap have plunged more than 10% each, while GSFC, Delta Corp, Gujarat Pipavav Port, Coromondel International, Amtek India and National Aluminium from mid-cap declined between 7-10%.
