Mid-, small-cap stocks under pressure; 24 stocks freeze at lower circuits

At 02:04 pm, the S&P BSE Midcap index and the S&P BSE Smallcap index were down 1 per cent and 2 per cent, respectively, as against a 0.23 per cent rise in the S&P BSE Sensex

Shares of mid and small-cap companies came under pressure on Tuesday, falling by up to 12 per cent on the BSE amid profit booking. The S&P BSE Midcap index and the S&P BSE Smallcap index were ended 1 per cent and 2 per cent, respectively. In comparison, the benchmark S&P BSE Sensex was up 0.28 per cent at 54,555 points.

With today's fall, mid- and small-cap indices have corrected 3.3 per cent and 4.6 per cent, respectively from their respective all-time highs touched on August 4, 2021. Prior to that, the S&P BSE Midcap index had rallied 29 per