Turbulence in broader market continues; Small-cap index hits 32-month low

Midcaps and small-cap stocks continued to suffer with both the indices slipping to over two-year low levels on the BSE on Friday amid weak earnings and slowdown concerns. The S&P BSE Smallcap index hit its 32-month low, while the midcap index touched 30-month low in intra-day deal today.

The smallcap index touched 11,951 levels, its lowest level since December 29, 2016, while the midcap index hit a low of 12,915, its lowest level since February 1, 2017.

The Smallcap index (down 5 per cent) and midcap index (down 4.3 per cent) have lost more than 4 per cent