The Sensex fell 1.23%, or 906.07 points, to close at 72,761.89 and the Nifty 1.51%, or 338 points, to close at 21,997.70. Of the 50 stocks in Nifty, 43 declined. The selloff eroded India’s market capitalisation by ₹13.5 lakh crore in a single day.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain