Huge decline of Rs 1,42,697 crore in market cap of smallcap shares

Ahmedabad: Market regulator SEBI and Reserve Bank have expressed concern over manipulation in IPOs of small cap and SME companies and have threatened to take strict action on this issue.

Sensex fell 616.75 points to 73,502.64 due to heavy selling by local funds and players after the system came into action and threatened to take more stringent measures to curb the stormy rally in smallcap and SME stocks. While Nifty fell 160.90 points and remained soft at 22,332.65.

Due to heavy selling pressure, BSE SME index fell by 1878.33 points to 55,453.91 points today. While the Small Cap index fell 899.06 points to 42,754.51 and the Midcap index fell 93.91 points to 39,758.94.

Investor wealth today (BSE market cap) increased by Rs. 3.16 lakh crore reduced to Rs 3.16 lakh crore. 389.65 lakh crore. Today the market cap of SME shares in a single day was Rs. Rs 1,42,697 crore decreased to Rs 1,42,697 crore. 67,12,433 crores. While the market cap of midcap stocks is Rs. Decreased to Rs 35,369 crore. 65,78,218 crores.