The BSE Sensex made an intraday low of 71,774.13, down 1,809 points, or 2.46 per cent, while the Nifty index dipped 535 points, or 2.34 per cent, to hit a low of 22,283.85.
Electronics India and Billionbrains Garage Ventures (Groww) were the top losers from the Nifty Midcap 100, falling up to 6 per cent each.
Shares of midcap and smallcap companies came under pressure on Monday as Rising tensions between the US-Israel and Iran have raised concerns about potential disruptions to global oil supply
On the Nifty Midcap 100, Hindustan Petroleum stock was the top loser, down 4.35 per cent at ₹334.35 per cent
The Nifty can test 24,400 levels on the downside; MidCap, SmallCap indices can fall up to 7 per cent, cautions Kunal Shah, Senior Technical Analyst of Mirae Asset ShareKhan.
Tata Motors and HDFC AMC may see strong passive inflows in Nifty Next 50 rejig, while Info Edge and ICICI Lombard face likely exclusion
Nifty's Budget day high at 25,440, has now shifted from resistance to support, says Kunal Shah, Sr. Tech Analyst at Mirae Asset ShareKhan. On the upside, the analyst expects the Nifty to test 26,700.
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
Over a shorter duration of 5-years, the CAGR return from gold was even better at 23.2 per cent as compared to 16.5 per cent for Indian equities and 19.6 per cent for US equities, FundsIndia said.
Among others, Vodafone Idea and Waaree Energies were among the top laggards, down 7.95 per cent and 6.9 per cent, respectively
Market outlook: According to Emkay Global Financial, surge in Nifty has pushed the valuations out of the 'attractive' territory and has left little room for further re-rating
Analyst at HDFC Securities have recommended a 'Bear Spread' Strategy on the Nifty MidCap index as it has broken down from the upward sloping trendline, suggesting a weak outlook
Dixon Technologies, Waaree Energies, Data Patterns (India), Godfrey Phillips, Devyani International, and KFin Technologies are some of the counters that have gained over 20 per cent during this period
In the previous session, the Sensex dropped 728.69 points (0.93 per cent) to close at 77,288.50, while the Nifty50 ended 181.8 points (0.77 per cent) lower at 23,486.85
As things stand, the small-and mid-caps look relatively more expensive, said Jyotivardhan Jaipuria, founder & managing director, Valentis Advisors, and can underperform in the early part of FY26
FIIs net bought 35,901 contracts of Nifty futures and 31,258 contracts of Bank Nifty in the last 4 days; DIIs bullish bets in index futures at highest in more than a year, shows NSE F&O data.
Nifty SmallCap 100 index plunged as much as 1.95 per cent to an intraday low of 15,201.75, while Nifty MidCap 100 index slipped 1.60 per cent to an intraday low of 48,403
IT, pharma, cement, and other sectors look attractive to analysts with no pre-budget rally in picture
Investors who bought the dip since 2022 have reaped bigger returns from sharper rebounds
The fall from peak levels in these segments, according to Gaurang Shah, senior vice-president at Geojit Financial Services has also been account of earnings disappointment besides amid high valuations