Market sell-off deepens as midcaps enter correction zone
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty Midcap 150 index fell 10.2% from its August 31 high, entering correction territory.
- ✓Small and micro-cap indices also dropped as investors worried about high valuations.
- ✓Anand Radhakrishnan said, "What is perceived as a safe space can gradually become unsafe as valuations go up." Many stocks now face pressure.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian equities, especially the Nifty Midcap 150 index, have recently slipped into correction territory as valuations soar. The small-cap and micro-cap indices are mirroring this trend amid rising investor concerns. Previously, retail investments bolstered smaller stocks, but high valuations threaten future returns. Moreover, analysts observe that even after declines, small and mid-cap stocks continue to trade at elevated levels. An improving economic situation might lead to a hopeful relief rally.
Mumbai: The recent sell-off in Indian equities has pushed the Nifty Midcap 150 index into correction territory, with small-cap and micro-cap indices not far behind.
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The Economic Times
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