Midcap, smallcap investors singed as COVID sparks downgrade fears
SECTIONS
Share
Synopsis
Reacting to the fear, Nifty Midcap100 and Nifty Smallcap 100 index nosedived 6 per cent each, with nearly all of their respective constituents in the red.
Getty Images
The possibility of renewed lockdowns appeared to have caught investors on the wrong foot, said dealers, as several stop losses on midcap and smallcap counters got triggered on Monday.
Related
MUMBAI: The rose-tinted glasses of midcap and smallcap investors are broken now, as the sharply accelerating second Covid-19 wave in the country is spooking investors. The possibility of renewed lockdowns across the country has triggered fears of material downgrades in corporate earnings.