Indian stock markets are under pressure for the fifth consecutive session, with the Sensex and Nifty slipping 0.4% by noon.
The pain is significantly deeper in the broader market, where the BSE SmallCap Index faced intense selling pressure, tumbling nearly 3% in Tuesday’s trade. Adding to the pressure, concerns over trade tensions resurfaced after the U.S. imposed 25% tariffs on steel and aluminum imports, triggering fears of retaliatory duties from other nations.
The BSE SmallCap Index was trading at 47,589.04 in the intraday, plunging 1,445.84 points or 2.95%. The index had hit a 52 week high of 57,827.69 and a 52-week low of 40,097.13. Currently, it is trading 17.7% below its 52-week high but still 18.7% above its 52-week low. Over the past month, the index has lost nearly 5.82%, while the last six months have seen an 11.68% decline. Despite this, the index remains 7.66% higher over the past year.
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Several small-cap stocks continued to face heavy selling pressure, which include:
NGL Fine-Chem
NGL Fine-Chem saw a sharp decline in today’s trading session, plunging 14.43% to rs 1,291.80. The stock has been under pressure for the past month, losing 22.10%, and has fallen nearly 29.80% over the past year. Currently, it is trading close to its 52 week low of Rs 1,281.00, down from its 52 week high of Rs 2,823.90. The company’s market capitalisation stands at Rs 798.08 crore.
ALSO READBSE Smallcap crashes 1,000 points. 4 things to note Goldiam International
Goldiam International share price saw sharp decline in intraday trading, falling over 10% to Rs 407.00 as selling pressure gripped the stock.
Over the past five days, it has dropped 26.52%, while in the last month, it has fallen 14.16%. Despite the recent slump, the stock has delivered strong returns over the past year, gaining 112.63%.
Currently, it is trading well below its 52-week high of Rs 569.00,
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