Key Points
Signs of a bubble in small and mid caps stocks bursting were visible on Wednesday when Sensex ended 906 points to crack below the 73,000-level while Nifty also fell below 22,000..
The smallcap index fell over 5% to record the worst single-day fall since December 2022; midcaps lost 4%; and microcaps and SME stock indices fell around 6% each..
The meltdown caps the more than an year-long relentless rally when a large number of investors poured in dollops of money into small and mid cap stocks...
In a bid to maintain stability and instil confidence in investors and enhance transparency, SEBI and AMFI, a body representing the mutual fund industry, have directed fund houses to provide additional disclosures for small and mid-cap funds from this month...
In a significant development in the ongoing probe into the Mahadev app-linked money laundering case, ED froze a few days ago shares worth Rs 1,100 crore held in demat accounts linked to a Dubai-based "hawala operator", an accused in the case.. The agency identified Hari Shankar Tibrewal, a Kolkata native currently residing in Dubai, as a "hawala operator and major player" in the case..
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