Amidst Nifty 50’s record breaching feat, mid-cap and small-cap indices have witnessed worst sell-off since December 23, 2022 on Tuesday.
Both indices shed Rs.5 trillion worth of market-cap in contrast to Rs.60,000 Cr loss of Nifty 50 stocks.
The Nifty Smallcap 100 index dropped 532 points, or 4.1%, to close at 12,450, while the Nifty Midcap 100 index lost 1,274 points, or 3.1%, to reach 40,170.3.
Today’s data depicts the fate of investing in broader markets where both the risk and reward are high and volatile.
Most of the small-cap stocks have rallied since March. Hence, a decent correction is considered to be healthy.