Rs 12 lakh-crore shock! Sensex falls over 700 points. Is the smallcap bubble bursting?

Posted on:
Key Points

Sensex on Wednesday fell over 700 points to crack below the 73,000-level while Nifty also fell over 1% but the pain was unbearable on the other end of the market comprising smaller stocks..

The smallcap index fell 5% to record the worst single-day fall since December 2022, midcaps lost 3% while microcaps and SME stock indices fell around 5% each as the stellar rally in the broader market is seen taking a pause...

The market capitalisation of all BSE-listed stocks fell by Rs 12 lakh crore to Rs 374 lakh crore...

After asking mutual funds last month to put in place a system to protect the interest of smallcap and midcap investors over concerns over froth building up in pockets of the market, Sebi chairperson Madhabi Puri Buch has now put out a tough message...

While some of the top brokerages and veteran investors have been warning against the unsustainable valuation in the smallcap space, Buch's words that valuation parameters are off the charts and not backed by fundamentals leading to "irrational exuberance" seem to have done the trick.. 3) Mahadev betting app case..

You might be interested in

Sensex crash today: Sensex falls over 700 points, 12 lakh-crore wiped off

13, Mar, 24

Sensex Crash: The crash defies global trade setup as the S&P500 had hit a record high overnight. So what's happening?

Dollar, stocks slip amid still tight U.S. labor market

06, Oct, 23

By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -The dollar eased and a gauge of global equities slipped on Thursday as investors grappled with U.S. unemployment benefits data

Six smallcap stocks surged over 50% in September. Do you own any?

30, Sep, 23

The main trigger for the company was that it developed its own branded Laptop and Micro PC in the market that matches international quality and performance. ITI Ltd was followed by Omaxe, whose shares gained 64% and Jai Balaji Industries, which rose 61% in September. IFCI, GTL Infrastructure and NIIT are the other stocks in the smallcap pack which have delivered over 50% returns to investors in September.

Investors' wealth tumbles Rs 2.67 lakh crore in early trade

10, Mar, 23

India Business News: Of the 3,206 stocks traded, 1,966 stocks declined and 1,109 advanced while 131 remained unchanged. On Thursday, the market valuation stood at Rs 2,64,

Little stocks in big trouble! 374 smallcaps fall at least 30% from peak. Worst ahead?

14, Mar, 24

Smallcap stocks are in bear territory, with losses up to 84% from high levels. Nifty Smallcap100 index was down 14% from peak. Worst losers include Ramky Infrastructure, Andrew Yule, IFCI, PTC India Financial Services, AGS Transact Technologies, Swan Energy, Railtel, and RVNL. Market experts weigh in on the situation.

In a flat market, 191 stocks returned over 100% in FY23

04, Apr, 23

Apar Industries led the pack, delivering a whopping 285% return to investors.

Multibagger screener: 13 stocks trading below 5-year average PE. More steam left?

05, Oct, 23

The PE of aerospace and defence player Zen Technologies, which makes military training live-range equipment and anti-drone systems, has fallen from an average of 225 to 76.6. HDFC Securities said that given a large order inflow and revenue visibility for the next few years, some more rerating is possible in the stock.

GIFT Nifty down 30 points; here's what changed for market while you were sleeping

06, Jul, 23

Foreign portfolio investors were net buyers for the sixth straight day at Rs 1,603 crore. DIIs sold shares worth Rs 439 crore on Wednesday.

FIIs sell Indian stocks worth ₹11,593.08 crore, DIIs buy worth ₹8,166.53 crore

18, Oct, 23

FIIs outflow was at ₹1,831.84 crore, DIIs inflow was at ₹1,469.50 crore

Sensex ends 2023 with 11,000-point rally in looking-like-a-wow year

29, Dec, 23

The market capitalisation of all BSE-listed stocks rose by Rs 81.3 lakh crore to Rs 363.67 lakh crore. Having crossed the $4 trillion m-cap milestone, India looks poised to take over Hong Kong and become the fourth-largest equity market in the world.