Small-cap index hits 14-month low as investors continue to liquidate

On a year to date basis, the Nifty Small-cap 100 index is down 24 per cent, Nifty Mid-cap index is down 15.4 per cent even as the Sensex has gained 6.74 per cent and Nifty is up four per cent.

A gauge for the performance of shares of smaller companies hit its lowest level in nearly 14 months as investors continued to liquidate their holdings from the broader market. The Nifty Small-cap 100 index on Thursday fell 0.6 per cent to end at 6,977, lowest since May 24, 2017. On the other hand, the blue chip-focused Nifty 50 index fell just 0.2 per cent. The Nifty Mid-cap 100 also declined 0.72 per cent 17,887.

This was in continuation of the market trend, where headline indices are hovering near their week but the broad-market focused small-cap and mid-cap indices have declined