{"id":581,"date":"2019-09-10T14:26:44","date_gmt":"2019-09-10T14:26:44","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/09\/10\/small-stocks-take-big-hit-tank-up-to-15-42-per-cent-so-far-in-fy20\/"},"modified":"2019-09-10T14:26:44","modified_gmt":"2019-09-10T14:26:44","slug":"small-stocks-take-big-hit-tank-up-to-15-42-per-cent-so-far-in-fy20","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/09\/10\/small-stocks-take-big-hit-tank-up-to-15-42-per-cent-so-far-in-fy20\/","title":{"rendered":"Small stocks take big hit, tank up to 15.42 per cent so far in FY20"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1701918\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/09\/1-305.jpg\" alt=\"During times of uncertainty in markets, small stocks are more prone to heavy selling pressure. (File photo)\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/09\/1-305.jpg 660w, https:\/\/images.financialexpress.com\/2019\/09\/1-305-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/09\/1-305-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/09\/1-305-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1701918\" src=\"https:\/\/images.financialexpress.com\/2019\/09\/1-305.jpg\" alt=\"During times of uncertainty in markets, small stocks are more prone to heavy selling pressure. (File photo)\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/09\/1-305.jpg 660w, https:\/\/images.financialexpress.com\/2019\/09\/1-305-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/09\/1-305-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/09\/1-305-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">During times of uncertainty in markets, small stocks are more prone to heavy selling pressure.\u00a0(File photo)<\/span><\/figure>\n<\/div>\n<p>Smallcap and midcap indices of the BSE have tumbled up to 15.42 per cent so far this fiscal, taking bigger hit when compared to their blue-chip peers.<\/p>\n<p>An analysis of the performance of the three indices shows that the S&amp;P BSE smallcap index has dropped 2,317.4 points or 15.42 per cent so far this fiscal and midcap index has tanked 1,985 points or 12.82 per cent.<\/p>\n<p>However, fall in BSE\u2019s frontline gauge Sensex was not as sharp when compared with the smaller stocks. The 30-share flagship index is down 1,527.46 points or 3.94 per cent during the period under review.<\/p>\n<p>The midcap index touched its 52-week low of 12,914.63 on August 23 this year and the smallcap hit its one year low of 11,950.86 on the same day.<\/p>\n<p>According to analysts, higher taxes on super rich and foreign portfolio investors, coupled with slowdown in auto sector, dented investor sentiments in the domestic equity market.<\/p>\n<p>Globally, concerns over of slow growth, US-China trade war and impending recession fears also led to weak sentiment, they added.<\/p>\n<p>During times of uncertainty in markets, small stocks are more prone to heavy selling pressure.<\/p>\n<p>According to analysts, smaller stocks are generally bought by domestic investors, whereas overseas investors mainly focus on frontline companies.<\/p>\n<p>The midcap index tracks companies with a market value that is on an average one-fifth of large firms, while smallcap firms are almost a tenth of that.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] During times of uncertainty in markets, small stocks are more prone to heavy selling pressure.\u00a0(File photo) Smallcap and midcap indices of the BSE have tumbled up to 15.42 per cent so far this fiscal, taking bigger hit when compared to their blue-chip peers. An analysis of the performance of the three indices shows that [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=581"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/582"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}