Midcap index hits over 2-yr low; RBL Bank, HEG tank more than 30% in July

Thus far in the month of July, the midcap index has tanked 11 per cent, against 6 per cent fall in the benchmark index

The Nifty MidCap index hit an over two-year low on the National Stock Exchange (NSE) on Wednesday prompted by a sharp fall in shares of financials, including non-banking finance companies (NBFCs), banks, auto ancillaries and information technology (IT) companies.

At 10:11 am, the Nifty Midcap 100 index was quoting 0.42 per cent lower, as compared to a 0.4 per cent decline in the Nifty 50 index. It hit a low of 15,510 in intra-day trade today, its lowest level since January 31, 2017.

Thus far in the month of July, the midcap index has tanked 11 per cent, against