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financialnews

Stealth • 3h

"Nifty Smallcap 100 Drops 3.5%: 17 Stocks Plunge Over 5%" The Nifty SmallCap 100 index saw a sharp decline of 3.5% in today’s intraday trade, dropping below the 18,200 mark to 18,149. This is the lowest level for the index since mid-August, reflecting a significant 7.5% drop from its recent peak of 19,640. Investors are closely monitoring the market as the index experiences heightened volatility. Small-cap stocks faced significant selling pressure for the second consecutive day on Tuesday, October 22, with most stocks registering losses between 5% and 13%. The sell-off comes as investors respond negatively to weaker-than-expected earnings from companies for the September quarter, which have failed to justify the high valuations these stocks have been trading at. This disappointing performance has triggered a wave of selling, further amplified by profit-booking in the small-cap sector. click here to know

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