Today, the stock market saw both the Sensex and Nifty 50 indices decline by over 1% each.

 

On March 13, the benchmark equity indices experienced a downturn. The NSE Nifty 50 concluded the day down by 338.00 points or 1.51%, settling at 21,997.70, while the BSE Sensex witnessed a decline of over 906.07 points or 1.23%, settling at 72,761.89. The broader indices followed suit, with smallcap and microcap stocks bearing the brunt of the losses. Nifty Midcap 100 saw a significant drop of 2,115.45 points or 4.40%, settling at 45,971.40.

On Wednesday, the broader indices NIFTY Smallcap 100 and NIFTY Midcap 100 experienced significant declines of 5.28% and 4.40%, respectively.

 

Within the NIFTY Midcap 100, 99 stocks incurred losses, with CG Power being the sole stock on the index to register gains. In the NIFTY Smallcap 100, 98 stocks closed lower, while Intellect Design Arena and CreditAccess Grameen ended the day with gains.

 

SEBI, the market regulator, has been closely monitoring the inflows into mid and smallcap stocks, especially considering the substantial uptrend in this segment over recent years. Madhabi Puri Buch, the Chairperson of SEBI, recently commented on the presence of market froth in certain areas.