Nifty Midcap index falls another 758 points today after a 5.5% decline last week; Top losers from broader markets last week

The broader markets continued their downward spiral today, with the Nifty Midcap 100 tumbling by 758.50 points (-1.39%), trading at 53,827.25 as of 10:05 AM. This drop comes after a 5.5% decline last week, reflecting sustained selling pressure across the midcap segment.

The Nifty Smallcap 100 index also registered a loss of 214.50 points (-1.22%) to trade at 17,431.05, following a sharp 7% decline last week. The broader Nifty 500 index slipped by 218.45 points (-1.00%), standing at 21,580.55, adding to last week’s 4% fall.

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Weekly Declines in Broader Indices:

  • Nifty Midcap 100: -5.5% last week
  • Nifty Smallcap 100: -7% last week
  • Nifty 500: -4% last week

Top Losers from Broader Markets Last Week:

Key underperformers in the broader market last week include high-beta stocks, many of which had delivered stellar gains earlier this year. Here are the top losers:

Stock Weekly Decline 2024 Gains
KEC International -20% +103%
Kalyan Jewellers -19% +116%
PB Fintech -16% +165%
Inox Wind -16% +45%
Paytm -15% +60%
Blue Star -15% +126%

The broader market witnessed significant profit-booking last week, especially in stocks that had outperformed earlier in 2024. The bearish trend today suggests continued caution among investors amid global uncertainties and rising interest rates.

Stay tuned for more updates on market trends and stock movements.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.