Small, midcap stocks under pressure

The S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex at 02:32 PM

Shares of small and midcap companies were under pressure, falling by upto 11% after saw a strong run-up in past two weeks.

At 02:32 PM; the S&P BSE Midcap and the S&P BSE Smallcap indices were down 1% each, as compared to 0.21% decline in the S&P BSE Sensex.

In past two weeks, midcap and smallcap indices have outperformed the market, surged 6% and 4%, respectively. On comparison, the benchmark index was up 0.6% till Monday.

Anil Ambani led Reliance Group companies such as Reliance Communications (RCom), Reliance Naval and Engineering and Reliance Power were down between