Small and midcap indices post worst weekly decline in two years
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Small and midcap indices posted their worst weekly decline in two years on Friday.
- ✓The Nifty Midcap 150 fell 5.26%, while the Smallcap 250 dropped 7.10%.
- ✓Nilesh Shah said, "Sentiment due to the current calendar year's negative returns and due to unmet expectations of tax concessions is poor." Markets remain shaky.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
Mumbai: The current bout of sell-off in mid-cap and small-cap stocks deepened Friday, with respective indices posting their worst weekly declines in two years, as the rout threatens to unravel one of the rare pockets in Indian equities that remained relatively unscathed in the face of an attritional blue-chip retreat since late 2024.
Hence, the latest weakness has stoked concerns that the protracted risk-off sentiment in blue-chips may now be spreading to the broader markets, potentially denting the confidence of retail investors whose steady contributions to mutual funds have helped undergird the theoretically riskier end of the equity spectrum amid waning overseas interest in frontliners and a sliding currency.
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The Economic Times
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