Broader markets crash up to 4%: Mid-, small-cap indices face brunt of West Asia crisis; First Cry, Muthoot Finance, SAIL top losers

Nifty small and midcap shares see profit booking in trade.

• Midcap, smallcap indices drop up to 4% on West Asia tensions.
• Nifty Smallcap 100 at 6‑month low; Brainbees dives 12%.
• Volatility index up 17%, signaling higher market uncertainty.

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The broader markets on Monday declined sharply, with mid- and small-cap indices falling up to 4 percent, in line with losses in benchmark indices amid escalating tensions in the West Asia region.

The Nifty Smallcap 100 and Nifty Midcap 100 indices snapped their previous session gains and came under heavy selling pressure as the conflict in West Asia entered its fourth week, pushing crude oil prices higher.

The Nifty Smallcap 100 index dropped 4 percent and hit over a six-month low of 14,986 points. Shares of Brainbees Solutions plunged 12 percent, emerging as the worst performer, while Bandhan Bank declined more than 7 percent, weighing on the index.

The Nifty Midcap 100 index fell more than 3.5 percent to a six-month low of 52,573.55. Steel Authority of India shares dropped 7 percent, acting as a major drag. Shares of Muthoot Finance declined nearly 8 percent, adding to the weakness in the broader market. The fall came amid a sharp decline in gold prices as the ongoing military tensions in West Asia raised concerns over inflation. Rising inflation risks have increased expectations of interest rate hikes by central banks.

Meanwhile, benchmark indices remained under pressure. The Sensex fell 1,904.61 points or 2.5 percent to 72,628.35, while the Nifty declined 610.35 points or 2.6 percent to 22,504.15, its lowest level since April 9, 2025.

The volatility index rose 17 percent to 26.66, its highest level since early June 2024, indicating heightened uncertainty and risk aversion among investors.

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