
Smids face rout, close in on bear territory as stream of bad news continues
Live MintIndian investors saw about ₹9.3 lakh crore wiped out in market wealth on Tuesday as Trump’s latest tariffs, slower corporate earnings and a relentless selloff by foreign investors continued to rock the sentiment. “The Indian equity market is dragged down by relentless FII selling driven by weakness in rupee and relatively expensive valuations among emerging markets,” said Gaurav Dua, head - capital market strategy, Mirae Asset Sharekhan. “Moderation in earnings momentum and US-induced global tariff tensions have resulted in a sharper sell off in mid- and small-caps than large caps,” said Mahesh Patil, CIO, Aditya Birla Sun Life AMC. Markets had factored sustained high earnings growth into stock prices, and the recent disappointment in quarterly results has warranted valuation de-ratings across many mid- and small-cap stocks, he said, citing that as the reason for the sharp correction in the broader market.
History of this topic

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Top Gainers and Losers today on 17 February, 2025: Adani Enterprises, Bajaj Finserv, Mahindra & Mahindra, Bharti Airtel among most active stocks; Check full list here
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Share Market Today: Sensex Tanks 700 Points, Nifty Falls Under 23,250
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