Because if you look at it smallcap or midcap have not corrected in India significantly mainly because they do not own it. So, the selling has been completely in largecaps, both in 2021-22 and now.
BSE to introduce F&O contracts in 3 Adani stocks, Paytm, Yes Bank and 38 others
India’s oldest stock exchange BSE on Friday announced introduction of futures & options (F&O) contracts of 43 stocks which will be available for trading from