Small, Midcap Stocks Recover Partially After Sergio Gor's India-US Trade Deal Comments

• Small and midcap stocks declined for the third consecutive day on January 12, with broader markets underperforming benchmark indices.
• A partial recovery was observed after US Ambassador Sergio Gor commented on the India-US trade deal, emphasizing India's essential role.
• Gor stated that President Trump hopes to visit India within 1-2 years and that both countries are actively engaging in trade negotiations.
• Tejas Networks was the top smallcap loser, falling over 9% due to a Q3 FY26 consolidated net loss of Rs 196.55 crore.
• Signatureglobal (India) dropped nearly 5% after announcing it would not meet its FY26 pre-sales guidance, expecting zero YoY growth.

Why It Matters: Small and midcap stocks saw a partial recovery driven by positive comments on the India-US trade deal.