Small and midcap shares were under selling pressure on August 6, weighing down the broader market indices for a second day, as Trump's tariff threat continued to sour sentiment and RBI MPC's pause and lack of liquidity boost impacted some rate-sensitive names.
Weaker earnings by some of the key small and midcap names also contributed to the decline. The Nifty Smallcap 100 index dropped nearly 1.5 percent, falling for 5 out of 6 straight sessions. Nifty Midcap 100 index fell over 1.2 percent to extend losses for a second straight day.
Top Midcap losers:
CONCOR was the top loser on the midcap index, dropping more than 4 percent to trade at Rs 555 apiece. This comes after the company reported a 3 percent on-year rise in net profit to Rs 266 crore for Q1 FY26. Revenue from operations meanwhile increased over 2 percent to Rs 2,154 crore.
BHEL shares followed, declining nearly 4 percent to trade at Rs 239 apiece. The company is set to release its results for the first quarter of the financial year 2026 today.
BSE shares dropped more than 3 percent, extending significant losses after market regulator Securities and Exchange Board of India (SEBI) is considering to curb weekly expiries in order to rein in speculative trading. Bharti Hexacom and HUDCO shares also fell more than 3 percent each.
Other notable midcap losers include Coforge, Mazagon Dock Shipbuilders, Phoenix Mills, Tata Tech, AU Small Finance Bank, Biocon, Godrej Properties, SBI Cards, Glenmark Pharma, Persistent Systems, Dixon Tech, SAIL, Vodafone Idea, Mphasis, Polycab, L&T Finance, Kalyan Jewellers, Nykaa and more.
Top Smallcap losers:
On the smallcap index, Redington was the top loser, dropping more than 5 percent to trade at Rs 239 apiece. Reliance Power shares followed, dropping 5 percent to remain locked in the lower circuit at Rs 42.94 apiece.
Other notable smallcap losers include Kaynes Tech, Amber Enterprises, PVR Inox, Laurus Labs, Welspun Living, Inox Wind, Castrol, KEC International, CDSL, Brigade Enterprises, Titagarh Rail Systems, Devyani International, Natco Pharma, Angel One, IGIL, MCX, BEML, GRSE and more.
Also Read: Our LIVE blog on stock market updates
"Mid and small-cap sectors in India have shown remarkable resilience in 2025, attracting significant investor interest despite the prevailing market challenges. Retail investors have poured over ₹20,000 crore into mid and small-cap mutual funds, showcasing their strong appetite for higher returns," said Kalp Jain, Research Analyst, INVasset PMS.
"Financially, mid-cap stocks have delivered impressive performance. Many funds have reported annualized returns exceeding 30% over the past five years, underscoring the growth potential of these companies. This growth positions mid-caps as potential leaders in India’s rapidly evolving economic landscape. However, despite their potential, investors must exercise caution, as some segments have seen valuation corrections. Market volatility remains a constant challenge, making it essential for investors to focus on companies with strong fundamentals and sustainable growth prospects," he added.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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