 "Markets, Buy, Sell, Stocks")
Small- and mid-cap stocks are witnessing a carnage due to unwinding of speculative bets amid regulatory curbs.
On Tuesday, the Nifty Smallcap 100 and Nifty Midcap 100 indices extended their sixth day of declines to 8 per cent and 4.5 per cent, respectively. The widely tracked Nifty50 index was down just 1 per cent, hiding the pain the broader market is going through.
In absolute terms, the decline in market cap of small and mid cap stocks, listed on the National Stock Exchange, during this period is Rs 2.88 trillion.
Market players say the mid-cap selloff has accelerated in the past week on
