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.
Sensex marginally lower in early trade, Nifty below 24,700; FMCG cos drag
The benchmark S&P BSE Sensex opened 47.34 points or 0.06% lower at 81,661.78, while the broader Nifty 50 index opened at 24,669.75, lower by 8.05