High valuations hit small-cap stocks

New Delhi: Small-cap stocks are under selling pressure as the index fell more than one per cent on Monday amid concerns over valuations. BSE Small-Cap Index is down 1.2 per cent, while the benchmark BSE Sensex is down 616.75 or 0.83 per cent to 73,502.64 points.

Among the constituents, JTL Industries is down 15 per cent, BCL Industries is down 12 per cent, Sigachi Industries is down 12 per cent, Tata Chemicals is down 9 per cent, Neuland Labs is down nine per cent, JM Financial is down eight per cent, Arvind Ltd. is down seven per cent, IIFL Finance is down five per cent.