NIFTY MIDCAP 100 (NIFTY MIDCAP 100)
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Mid- and small-cap stocks slide as Suzlon, Swiggy, STL plunge up to 10%
Mid-, small-caps under pressure; Suzlon, Swiggy, STL, HFCL plunge up to 10% In the past four trading days, the Nifty Midcap 100 index rallied 4%, while the Nifty Smallcap 100 index surged 6%, against a 1.5% gain in the Nifty 50 till Thursday.
Nifty small-cap 250 falls 5% as MTF positions unwind; Nifty gains 2%
The Nifty small-cap 250 index dropped 5% to 16,764 points from 17,589 on September 30, while the Nifty rose 2% to 23,053 over the same period. The decline was driven by the unwinding of leveraged positions built through the margin trading facility (MTF), with NSE accounting for 97.94% of the MTF book size. Rising interest rates could further pressure small-cap companies, and GIFT Nifty signals a positive open with a 200-point gain amid easing crude oil prices and strong GST collections of Rs 2.31 lakh crore.
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