Small-cap indices have corrected sharply from the highs of October 2021.
While the Nifty-50 declined 15 per cent from its October 2021 peak against a 20 per cent decline in midcaps and 28 per cent decline in smallcaps, the broader market has witnessed a much sharper sell-off.
NSE Smallcap 100 index is down even vs December 2017 levels as per a report by Motilal Oswal Financial Services.
India has outperformed key global markets in June'22 amid various challenges. Autos gained while Metals and Private Banks were top losers and 85 per cent of BSE 200 constituents declined in June'22.
Average daily cash volumes dropped 45 per cent from the Oct'21 peak. Mid-cap volumes are down 2/3rd vs Oct'21 peak while Smallcap volumes have halved vs Oct'21, the report said.
The corporate profit-to-GDP ratio rebounded to a 10-year high of 4.3 per cent in 2022. The ratio improved for 18 of 25 sectors.
The US CPI surpassed India CPI for the first time in a decade in Sep'21 and has remained so since then.
FIIs recorded outflows for the ninth consecutive month and stood at $6.3 b in Jun'22 - the highest since March'20. Domestic inflows remained robust at $6 b in Jun'22 and the year to date 2022 inflows stood at $26.7 b.
Forex reserves are at the lowest since May'21 and the Indian rupee at an all-time low v/s US dollar. Forex reserves declined to $591b, a decline of $51b from its peak of Oct'21. Reserves are at their lowest level since May'21.
--IANS
san/skp/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app