Midcap and Smallcap Indices Lag as IT Sector Falls
Indian midcap and smallcap indices fell by 0.5% each, while IT stocks plunged 2.7% and pharma stocks lost 1%. Power and oil sectors offered minor gains, cushioning the decline somewhat. Adani Enterprises and Eternal stood out as top-performing stocks, whereas Tech Mahindra and TCS led losses. Broader markets underperformed, with significant profit-booking observed across the Nifty 500 universe. The advance-decline ratio skewed negative, reflecting widespread bearish sentiment among investors.
negative
27 days ago
Midcap and Smallcap Indices Lag as IT Sector Falls
Indian midcap and smallcap indices fell by 0.5% each, while IT stocks plunged 2.7% and pharma stocks lost 1%. Power and oil sectors offered minor gains, cushioning the decline somewhat. Adani Enterprises and Eternal stood out as top-performing stocks, whereas Tech Mahindra and TCS led losses. Broader markets underperformed, with significant profit-booking observed across the Nifty 500 universe. The advance-decline ratio skewed negative, reflecting widespread bearish sentiment among investors.
negative
Midcap and Smallcap Indices Lag as IT Sector Falls
27 days ago
1 min read
69 words
Midcaps, smallcaps slide; IT sector pulls markets down.
Indian midcap and smallcap indices fell by 0.5% each, while IT stocks plunged 2.7% and pharma stocks lost 1%. Power and oil sectors offered minor gains, cushioning the decline somewhat. Adani Enterprises and Eternal stood out as top-performing stocks, whereas Tech Mahindra and TCS led losses. Broader markets underperformed, with significant profit-booking observed across the Nifty 500 universe. The advance-decline ratio skewed negative, reflecting widespread bearish sentiment among investors.
Indian midcap and smallcap indices fell by 0.5% each, while IT stocks plunged 2.7% and pharma stocks lost 1%. Power and oil sectors offered minor gains, cushioning the decline somewhat. Adani Enterprises and Eternal stood out as top-performing stocks, whereas Tech Mahindra and TCS led losses. Broader markets underperformed, with significant profit-booking observed across the Nifty 500 universe. The advance-decline ratio skewed negative, reflecting widespread bearish sentiment among investors.