The latest correction seen in the markets has hit the mid- and small-cap stocks most. While the benchmark indices have come off around 5 per cent from their record highs in April, the mid- and small-cap indices have declined by about 10 per cent during the same period.
The Nifty on Thursday ended at 11,257, 4.5 per cent off its all-time high of 11,787 on April 16. The Nifty Midcap 100 ended at 16,673 and the Nifty Smallcap 100 closed at 6,103.80 — down 8.6 per cent and 10 per cent, respectively, for the same period. The latest spell of underperformance in the broader ...
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