Smallcap Stocks Plunge Amid Market Fluctuations
Smallcap shares faced a significant decline on August 14, ending a three-day gaining streak. The Nifty Smallcap 100 index fell nearly half a percent, while midcap stocks also dropped. This downturn comes as investors look ahead to crucial Russia-US talks regarding the Ukraine war, with potential implications for tariffs on Indian goods. Notably, Bata India saw a 5 percent drop after reporting a 70 percent decline in profits. The broader market remains mixed, with the Sensex and Nifty still in positive territory despite fluctuations, leaving investors anxious about upcoming developments.
