Small and midcap indices post worst weekly decline in two years

Mid-cap and small-cap stocks in India have faced major declines, indicating a shift in market sentiment. The Nifty MidCap 150 and Small-cap 250 indices reported their worst weekly falls in two years. Domestic retail investors initially supported these segments by increasing mutual fund contributions.

However, concerns over rising oil prices and fiscal deficits are adding to market uncertainties.

Mumbai: The current bout of sell-off in mid-cap and small-cap stocks deepened Friday, with respective indices posting their worst weekly declines in two years, as the rout threatens to unravel one of the rare pockets in Indian equities that remained ... [5036 chars]