Smallcap, Midcap Stocks Plunge Up To 11%; Investors Fear Widespread Sell-off

• Indian stock markets saw a widespread decline on Thursday, January 8, with significant profit booking in smallcap and midcap segments.
• Nifty SmallCap-100 index fell by about 1.6% and Nifty MidCap-100 index by approximately 1.5% around 1:30 PM.
• Key reasons for the decline include continuous selling by FIIs, weak global cues, and fears of US imposing 500% tariffs on India.
• Smallcap stocks like Signature Global India plunged 11%, while Hindustan Copper, Jupiter Wagons, JBM Auto, and Piramal Pharma fell over 4%.
• Midcap stocks such as National Aluminium Company (NALCO) and Hindustan Petroleum Corporation (HPCL) dropped around 5%, with NMDC, Indian, and HUDCO also seeing declines.

Why It Matters: Indian smallcap and midcap stocks saw a sharp decline due to FII selling, global cues, and US tariff fears.