Broad-Based Selloff Pushes Midcap, Smallcap Indices Down By Up To 2.5 Per Cent

Midcap and smallcap indices saw sharp sell-offs amid a broad-based selling in the equity market on May 6 as investors grew cautious ahead of the US Federal Reserve meeting and amid rising India-Pakistan tensions. The Nifty Midcap 100 fell as much as 2.4 per cent, and the Nifty Smallcap 100 tumbled up to 2.6 per cent, severely underperforming the benchmark Nifty 50.

The Nifty Midcap 100 and Smallcap 100 indices account for 12.91 per cent and 4.77 per cent of the National Stock Exchange's (NSE) free-float market cap, respectively, as of March 28, 2025.

A slew of companies within the two indices also reported their fourth quarterly results (Q4 FY25) lately, which also contributed in the subdued investor sentiment.

Meanwhile, Nifty 50 traded rangebound in today's session; however, gains in auto, FMCG, and steel stocks capped much of the losses. It ended the session at 24,379.60, down by 81.55 points or 0.33 per cent.

The US Federal Reserve's Federal Open Market Committee (FOMC) will hold a meeting on May 6 and May 7, during which they will evaluate the current economic conditions and announce their policy decisions at the end of their meet.

Top Losers From Nifty Midcap 100

Among the Nifty Midcap 100 stocks, Godrej properties led the losses with a 6.36 per cent decline, closely followed by Bank of India, which fell 6.33 per cent.

Public sector bank Union Bank of India, Paytm's parent company One97 Communications, and renewable energy firm Suzlon Energy also dragged the index, falling in the range 5.5 per cent to 6.5 per cent. Bharat Heavy Electricals Limited (BHEL), Motilal Oswal Financial Services, and Adani Total Gas too saw their shares falling over 5 per cent.

Top Losers From Nifty Smallcap 100

From the Nifty Smallcap 100 index, Sonata Software bled the most, falling 7.77 per cent. It was followed by RailTel Corporation and Reliance Power, which fell 6.21 per cent and 6.11 per cent, respectively. NCC, Jupiter Wagons, Swan Energy, Firstsource Solutions, and CreditAccess Grameen slumped between 5.5 per cent and 6 per cent.

Other constituents of the index such as HFCL, IFCI, Computer Age Management Services (CAMS), Inox Wind, and Garden Reach Shipbuilders and Engineers (GRSE) also declined over 5 per cent, dragging the index.