This week, small- and mid-cap stocks lose $47 billion as a result of efforts to cut “frog.”
The combined market value of India’s small and midcap stock indices lost about $47 billion this week after the country’s markets regulator raised concerns about ‘froth’ and suggested limiting lump sum investments by mutual funds.
In the week, BSE Sensex closed at 72,643.43, down 1,475.96 or 0.99 per cent and Nifty 50 closed at 22,023.30, down 470.25 points or 2.09 per cent. BSE Smallcap index recorded its biggest weekly loss since December 2022 as it fell 6 per cent this week
Following four weeks of positive trading, the market finished the week down, with benchmark indices down by 2% and midcap and smallcap stocks suffering some of the worst weekly losses on March 15 as a result of losses and conflicting data. must be completed. score.
In the week, BSE Sensex closed at 72,643.43, down 1,475.96 or 0.99 per cent and Nifty 50 closed at 22,023.30, down 470.25 points or 2.09 per cent.
“Caution towards mid and smallcaps has weakened market sentiment, leading to a decline in the broader market. However, softening global commodity prices and India’s GDP growth for FY25 are expected to highlight strong domestic demand. “, which will potentially support a rebound in the broader market.” “Stability is achieved,” said Vinod Nair, head of research at Geojit Financial Services.
Global oil benchmark Brent crude fell 0.68 percent to US$84.84 per barrel.
On Thursday, the BSE benchmark closed 335.39 points or 0.46 per cent higher at 73,097.28.The NSE Nifty reached 22,146.65, up 148.95 points, or 0.68 percent.
