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Broader market weakness deepens as ARC data signals balance-sheet caution
Equities slipped as midcaps and smallcaps weakened, while rising SR redemptions and lower issuances by ARCs reinforced a cautious risk environment in the markets.
Indian equity markets remained under pressure as benchmarks extended losses, with the Sensex falling around 150 points and the Nifty testing the 25,900 level. Weakness was more pronounced in the broader market, where the Nifty MidCap 100 slipped about 0.4 percent and the Nifty SmallCap 100 declined nearly 0.7 percent. Sectorally, realty and chemical stocks weighed on sentiment. Adding to the cautious mood, Crisil data showed redemptions of security receipts by private asset reconstruction companies outpacing new issuances