The shares of several smallcap and midcap companies tumbled in trade, as broader markets sharply crashed on Wednesday amid persistent FII selling, weakening rupee and other factors.
The Nifty Midcap 100 index crashed 1.6% (nearly 950 points) while the Nifty Smallcap 100 index lost 1.4% (around 254 points), as seen at 12.20 pm. The broader market indices are currently underperforming the benchmark index Nifty 50, which dropped around 1.3%.
