Indian small-, mid-cap indexes fare worse than benchmarks

Computer Age Management Services

05/08/2024 10:25

** India's Nifty small-cap  .NIFSMCP100  and mid-cap
 .NIFMDCP100  indexes down 4.5% and 3.6% respectively
    ** Benchmark Nifty 50 index  .NSEI  down 2.7% amid a global
equity selloff  .BO 
    ** Small- and mid-caps had already rallied in terms of
valuations so they fell more than benchmarks said Anita Gandhi,
founder and head of institution at Arihant Capital Markets
    ** Adds, retail investors, who do more short-term trades,
are a larger part of small- and mid-caps than benchmark stocks
    ** About 90% of all the NSE-listed stocks decline on the day
    ** But all 100 stocks on small-cap index down, led by
Computer Age Management Services'  COMU.NS  7.5% slide
    ** Top pct loser on mid-cap index is LIC Housing Finance
 LICH.NS , which is down 8.1%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))