At the beginning of the trading session on March 10, BSE Midcap and Smallcap were trading flat, with the midcap marking a subtle decline while Smallcap was slightly higher. As of 1:00 pm, the Midcap index and Smallcap index are trading lower close to a percent.
Among the top gainers on the Midcap index were Abbott India, ACC, AB Capital and Aarti Industries, rising around in and around 0.50 percent.
Among the top gainers on BSE Smallcap index were Sarda Energy, NGL Finechem, Avanti Feeds, and Centum Electron, rising around.
The market had closed on a flat note after two days of gaining session and are back to the same momentum on Monday. However, the benchmark indices, Nifty and Sensex began today's trading session on a positive note. Last week, the Nifty extended its winning streak to three sessions, while the Sensex dipped slightly, their biggest gain in three months.
According to Nilesh Shah, the Managing Director of Kotak Mahindra AMC, the market will unlikely go into a long-term bear phase without an unexpected shock. At Moneycontrol Global Wealth Summit 2025, Sunil Singhania, Founder, Abakkus Asset Manager Pvt Ltd, further suggested that we might be on the curve of a W-shaped recovery with the ongoing corrections across froth in the broader markets. But the key focus should be on whether India’s economy can sustain a 6.5 to 7 percent growth rate, which would drive profit growth of 11 to 12 percent, advises Singhania.
Amid the ongoing market correction and global uncertainties, Trump’s moves seem to be keenly watched by investors. To this, Singhania emphasizes that instead of fixating on Trump’s moves, investors should focus on whether the global economy is stabilizing.
Critiquing those that compare the current bear market conditions to that seen in the financial crisis of 2008, market expert and founder of Helios Capital, Samir Arora, shunned the idea for any such comparison. His understanding of the downturn in the present scenario reasons overvaluation to be the primary cause. Thus, affecting a group of companies, without causing fundamental damage to the real economy, he said. While the 2008 crisis was rather led excessive and wasteful investments, job losses, property price crashes, forced deleveraging, and rising NPAs.
He expects the Indian equities market to bottom out in the next one to two months, and then rise 7-8 percent. He doesn't expect a sharp V-shaped recovery, simply because such rebounds would require government intervention.
Donald Trump's fresh tariff strike, fears of a multi-front global trade war, a sliding rupee, subdued Q3 earnings, a slower-than-expected rate cut cycle, and relentless FII outflows have strengthened the bears' grip on the market.
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