Mid- & Small-Cap Indices Enter Bear Territory, ₹18.6 Lakh Crore Wiped Out Amid Market Sell-Off
The Nifty Midcap 100 and Nifty Smallcap 100 extended their losing streak to a fourth consecutive session on Friday, February 28, plunging over 2% in early trade as the broader market sell-off intensified. Mounting geopolitical concerns continued to weigh on investor sentiment.
- Nifty Smallcap 100 has now crashed over 25% from its peak, erasing ₹5.25 lakh crore in market capitalization.
- Nifty Midcap 100 has tumbled over 21% from its peak, wiping out ₹13.35 lakh crore in value.
- Nifty 50 has declined 15% from its all-time high, marking its longest losing streak in nearly 30 years. Since its mid-September peak, it has fallen over 14%, erasing ₹31.94 lakh crore in investor wealth.
At 11:30 AM on February 28, the Nifty 50 was down 1.19% at 22,250, heading for a seventh straight session of decline.
