Midcap index crashes 5% on black money crackdown

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26 Aug, 2025 12:21

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Moneycontrol Bureau Midcap stocks have fallen off the cliff suffering from a double whammy. BSE Midcap index fell 5.6 percent from previous close as the government cracked whip on black money while Donald Trump is on his way to win US elections.

Indiabulls Housing, Shriram Transport, Oberoi Realty, Reliance Capital and Reliance Communications are major losers among BSE Midcap indices. Stocks those are in green among BSE Smallcap indices are VA Tech Wabag, Swan Energy, Ujaas Energy, Orbit Exports and Accelya Kale.

Udyan Mukherjee says that midcaps will bleed a lot because there was froth in the sector. "There was a lot of domestic high net worth money which had gone in and even in the fall of the last few days, you had just began to see the first signs of corrections or edginess creeping into the midcaps space but because they had outperformed the largecap universe by such a handsome margin and valuations had gone to such premium levels I think the first panic might actually hit because the HNI's have frozen."He says that there may be more of a valuation contraction in the midcap universe. He says, however, it will throw a wonderful opportunities to buy as midcap valuations skid.Posted by Nasrin SultanaFollow @NasrinzStory