Mid- and small-cap indices were under pressure on Tuesday, December 16, 2025. At 1:11 PM, the Nifty Midcap 100 was down 0.85 per cent at 59,699.3, while the Nifty Smallcap 100 was lower by 0.83 per cent at 17,281.15.
Overall, Indian markets also traded weak as sentiment stayed subdued amid below-par earnings growth, the recent weakness in the Indian rupee, and uncertainty around the India–US trade deal, all of which have weighed on risk appetite.
The BSE Sensex declined 529.45 points or 0.62 per cent to an intra-day low of 84,683.91. Similarly, the NSE Nifty50 slipped 156.85 points or 0.6 per cent to a day’s low of 25,870.45.
According to VK Vijayakumar, chief investment strategist, Geojit Financial Services, the key drag on the market is earnings disappointment. He noted that while Indian valuations remain elevated versus global peers, the current premium is not being matched by superior earnings growth, prompting FIIs to remain net sellers. READ MORE
Top Midcap index losers:
On the Nifty Midcap 100, PB Fintech, parent company of Policybazaar, was the top loser, sliding 5 per cent to ₹1,844.6 per share. Meanwhile, Finance Minister Nirmala Sitharaman tabled the Insurance Laws (Amendment) Bill, 2025 in the Lok Sabha.
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Other than that, in the Midcap basket, Swiggy and Bharat Dynamics dropped about 3 per cent each. SAIL, Jubilant Foodworks, Nykaa, BSE, Prestige Estates, KPIT Technologies, UPL, SBI Card and NMDC were all down over 2 per cent.
Top Smallcap index laggards:
In the Nifty Smallcap 100 basket, Ola Electric Mobility was the top loser, falling more than 4 per cent to ₹35.68. NBCC was down over 3 per cent.
Among other Smallcap names, Redington, Hindustan Copper, Garden Reach Shipbuilders, Devyani International, Radico, Brigade Enterprises, NCC and Aster DM Healthcare declined over 2 per cent each.

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