Broader Markets Plunge: Nifty Midcap 100 Below 100-DMA; Ola, Oberoi Realty Lead Losses

• Broader markets, including Nifty Midcap 100 and Nifty Smallcap 100, extended losses, falling up to 3% and underperforming benchmark indices.
• Nifty Midcap 100 slipped below its 100-day moving average (DMA) to 57,898.65, with Oberoi Realty and UPL as top laggards.
• Oberoi Realty's shares declined after Q3 earnings showed a marginal 0.69% YoY profit increase but an 18% QoQ drop.
• Ola Electric Mobility shares fell 5.5% to a near one-month low after CFO Harish Abichandani resigned; Deepak Rastogi appointed new CFO.
• Experts suggest small and mid-cap valuations remain high, advising a selective, bottom-up approach for investors despite the market correction.

Why It Matters: Broader markets experienced significant declines, with mid and small-caps underperforming due to high valuations and specific company news.