Market fall: BSE Smallcap index tanks 7% in 1 week; 50 shares at 52-wk low

Quick Summary:

The BSE Smallcap index slipped 2.5% or 1,346 points to 52,258 in Wednesday's intra-day trade and down 6.7% in the past one week as sustained FIIs selling and earnings disappointment weighed.

Meanwhile, headline CPI inflation came in at 6.2 per cent year-on-year (YoY) in October, the highest in 14 months and higher than market consensus of 5.9 per cent.

However, at 10:49 am; SmallCap index had partially recovered from the day’s low, and was down 1.6 per cent or 859 points at 52,745.

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Category: BusinessFinance

Markets: India

Topics: Advanced Enzyme Technologies Bajaj Electrical Sensex Ujjivan Small Finance Bank Antony Waste Handling Cell Birla Corporation 52-week low IIFL Securities Inflation Vishnu Chemicals Equitas Small Finance Bank Matrimony.com BSE Midcap BSE Smallcap index BASF India RBL Bank PNC Infratech JK Lakshmi Cement Electronics Mart Q2 GNFC Bharat Bijlee

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:08:49 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 815 words

Reading Time: 5 minutes read

Sentences: 31 lines

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Copyright Owner: © Business Standard

News ID: 23566176

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