Mid, smallcap fall the most in 2023
Financial Express Mumbai|September 13, 2023
A SHARP SELL-OFF in the midcap and smallcap space on Tuesday- the most in 2023-cut short the euphoria in the markets, reports Siddhant Mishra.
Siddhant Mishra
Mid, smallcap fall the most in 2023

The Nifty MidCap 100 plunged 1,274 points, or 3.07%, the worst since the 3.76% slide on December 23, 2022. The Nifty SmallCap 100 fell 532 points, or 4.1%, the most since the 4.72% fall on December 23, 2022.

Similarly, the BSE MidCap and SmallCap, too, registered their biggest decline since the same day last year, falling 2.96% and 4.02%, respectively.

The benchmark Nifty, which touched an intra-day high of 20110.35 points, closed short of the 20,000-mark in a volatile session.

Investor Vijay Kedia said certain sectors like defence and railways have seen a 'euphoric valuation'.

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