The broader markets underperformed the benchmark indices during the week ended October 23, with the Nifty Midcap 100 and Nifty Smallcap 100 plunging 5.6% and 7%, respectively, marking their steepest weekly decline in 20 months. The sell-off was sharper in small-cap stocks amid rising crude oil prices, escalating geopolitical tensions and sustained selling pressure.
For the week, the BSE Sensex declined 1,605.44 points, or 2.14%, to 74,729.27, while the Nifty 50 fell 546.15 points, or 2.25%, to close at 22,600.
The Nifty Midcap 100 index shed 5.6 percent, a worst weekly fall since October 2024. Swiggy, KEI Industries, Motilal Oswal Financial Services, Mahindra and Mahindra Financial Services, Suzlon Energy, Bharat Heavy Electricals, Tata Investment Corporation, Exide Industries fell between 10-25 percent.
The Nifty Smallcap 100 index shed more than 7 percent, a steepest weekly declines since February 2025. Himadri Speciality Chemical, CreditAccess Grameen, Urban Company, Deepak Fertilisers And Petrochemicals Corporation, Aarti Industries, Ola Electric Mobility, IIFL Finance, Hindustan Copper, Inox Wind, JM Financial, Garden Reach Shipbuilders & Engineers, Reliance Power shed 12-25 percent.
All the sectoral indices ended in the red with Nifty Defence index shed 7 percent, Nifty Consumer Durables index declined 6.4 percent, Nifty Capital Markets index fell 6 percent, while Nifty Metal, Media, and Realty shed 5 percent each.