The Nifty Midcap index has now extended losses for the third consecutive session, while the Nifty Smallcap index stood in the red for the second straight day.
Broader markets: Analysts noted that the earlier drop in the stock prices were driven by profit booking following a record run.
Broader markets: The Nifty Midcap index dropped over 1.5 percent to hover around 57,206, while the Nifty Smallcap index fell nearly 2 percent to stand at 18,018 in the afternoon.
May was the third consecutive of positive foreign inflow into equities at $1.7 billion, said the MOSL note, with DIIs investing in shares worth $7.9 billion during May, which was their 22nd month of net inflows, and the third-highest monthly buy figure ever.
Nifty Smallcap index is currently outperforming benchmark indices Sensex and Nifty.
Nifty Smallcap index has now surged over 5 percent this week so far, while Nifty Midcap index gained over 4.8 percent. This comes as easing India-Pakistan tensions and cooling of the trade war between US and China among other factors were positively welcomed by the market.
Every single stock within the Nifty Midcap 100 and Nifty Smallcap 100 universes was trading in negative territory
Nifty ended the March series back above 23,500, with some experts pointing to further upside from here on, even as tariff-related development will be key the sentiment. For the month, key indices are set to snap the string of monthly losses, supported by a revival in foreign inflows.
The broader market indices underperformed benchmark index Nifty, which too was off highs as investors assessed the durability of the rally and tariff-related news flow.
The broader markets snapped their multi-day losing streak as investors went bottom-fishing, leading to the Nifty Smallcap index gaining over 1 percent intraday.
'Every correction is a new story, and that is the beauty of the market. Now, we are correcting because earnings profile is slowed down, but it is not broken,' says the ace investor
Broader market selloff continues for second straight day amid a weak handover from Wall Street, jitters over the US President’s tariff policies, persistent foreign institutional investor (FII) outflows
Data from Morningstar shows that SMID stocks accounted for a little over 21 percent of ICICI Prudential AMC’s total assets under management (AUM) in pure equity schemes as on December 31, 2024.
“Anticipate the anticipation of trouble” – Barton Biggs, Wealth, War and Wisdom
The broader market, which houses smallcaps and midcaps, sharply underperformed their large-cap counterparts. High valuations, uncertain global cues, and concerns surrounding Q3 earnings dampened sentiment.
In June, the BSE Midcap index fell in just four sessions: June 4, June 19, June 21, and June 25. Similarly, the BSE SmallCap index experienced declines on only three days: June 4, June 19, and June 25. On all other days, both indices traded higher.
The sharp selloff in the small and mid-cap segments also dragged the overall market breadth heavily in favour of laggards so much so that nearly five stocks fell for each one that rose
Market observers believe that the ongoing rally is driven by retail investors amid ample liquidity
Market watchers believe that the Santa Claus rally is on and bulls will continue to rule the Street ahead of monthly F&O expiry
Defensive plays, which lagged in earlier trades, took the lead in afternoon deals. The Nifty pharma index was up over a percent and the Nifty consumer durables 0.6 percent
So far in November, the two indices have gained over 8 percent against a 5 percent rise in the benchmark Sensex. Analysts, however, caution that the upside may be limited from here on amid stretched valuations
The market has a terrible day yesterday. Just when the market looked like it was creeping back a little bit with two days of upmove, it got hammered once again.
Today was a nothing kind of session, according to CNBC-TV18's managing editor Udayan Mukherjee where neither the bulls nor the bears took away too much.
This is the start of a very important week for the market with a lot to play at. It is the F&O expiry for the May series, with a lot of big results, the unresolved fuel price situation and of course global markets which still remain very unresolved.
Financial year 2012 comes to a close this week. After last week's volatility, it can be an action packed week primarily as traders roll over their March contracts to April series.