Nifty Smallcap index hits 52-week low; Jet Airways falls 66% since January

Rain Industries, Manpasand Beverages, HCC, Jindal Saw, Sintex Plastic, IFCI, Balrampur Chini Mills, BEML and India Cements have seen their market cap erode between 50% and 80% from January 15 levels.

Shares of smallcap companies continued to be under pressure with the Nifty Smallcap 100 index hitting a 52-week low of 6,926.80 on Thursday after a sharp decline in market values of Jet Airways (India), PVR and Manpasand Beverages.

The index fallen below its previous low of 6938.50 recorded on August 11, 2017 in intra-day trade on the National Stock Exchange (NSE).

At 09:46 am; Nifty Smallcap 100 index was trading 1.3% lower at 6,927 points, as compared to 0.33% decline in the Nifty 50 index at 10,944 points. Since January 15, 2018, from its all-time high levels, the