The shares of several smallcap and midcap companies tumbled in trade on Wednesday, as broader markets lost steam and plunged along with the benchmark indices Sensex and Nifty, after the rupee crashed to a fresh all-time low, bond yields scaled multi-year highs, and other factors dampened investor sentiment.
The Nifty Midcap 100 and Nifty Smallcap 100 indices sharply declined around 1% each after markets opened on Wednesday. However, the benchmarks soon pared some losses, and broader markets followed. At 10.30 am, the Nifty Smallcap 100 index was down 0.8%, while the Nifty Midcap 100 index was down 0.5%.
