Bearish Streak: Nifty Midcap and Smallcap indices plunge up to 5.5% in just 3 days
4 days, 21 hours ago

Bearish Streak: Nifty Midcap and Smallcap indices plunge up to 5.5% in just 3 days

Live Mint  

Indian Stock Market: Investors continued to withdraw funds from mid -and small-cap stocks for the third consecutive trading session on Friday, January 13, as reflected by significant declines in both the Nifty Midcap 100 and Nifty Smallcap 100 indices, which dropped 2.5% today. Similarly, the Nifty Midcap 100 index extended its losing streak to a third straight day on Friday, falling another 2% to 54,622. Over 35 smallcap and 20 midcap stocks lose up to 20% in a week In terms of individual stocks, 36 stocks from the Nifty Smallcap 100 basket have lost between 10% and 19% of their value over the past week, with KEC International emerging as the top laggard, followed by Inox Wind, Aditya Birla Real Estate, Five-Star Business Finance, Go Digit General Insurance, and PVR INOX. Similarly, 23 constituents of the Nifty Midcap 100 index have declined between 10% and 20% in the last week, with Kalyan Jewellers India leading the losses with a drop of 20%.

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