Markets Bleed: Mid, Smallcaps Plunge Amid US-Iran Tensions, FII Sell-off

• Broader markets, especially mid and small-caps, underperformed benchmarks, with 70 stocks plunging in double digits.
• BSE Sensex fell 2.91% and Nifty50 shed 2.89% this week; Midcap, Smallcap, and Largecap indices each dropped 3%.
• Geopolitical tensions (US-Iran), rising crude oil prices, and persistent FII selling (Rs 21,831.19 crore) fueled the market decline.
• Nifty PSU Bank, Realty, and Bank indices saw significant drops, while Nifty Defence bucked the trend with a nearly 5% gain.
• Experts advise caution, suggesting a potential retest of Nifty's 24300 low and a 'sell-on-rise' strategy.