Midcaps Plunge Most in 4 Months; Nifty Below 26,000 as Market Sells Off.

• Indian stock market saw a sharp decline, with Nifty falling below 26,000 and midcaps experiencing their biggest drop in four months.
• The BSE Sensex dropped 610 points, and the market cap of BSE-listed companies decreased by approximately ₹7 lakh crore due to widespread selling.
• Market caution ahead of the Federal Reserve policy meeting, global monetary policy, FII selling, and a weakening rupee contributed to the decline.
• Rising Japanese bond yields and fears of yen carry trade unwinding also increased market volatility.
• Major midcap stocks like IndiGo (9% drop) and Fino Payments Bank (over 12% fall) were significantly impacted.

Why It Matters: Investors face significant wealth loss as market volatility intensifies.