India’s smallcap and midcap stocks have plunged significantly, marking the worst crash since the Covid market meltdown of March 2020. In February, the BSE Smallcap index fell 14%, while the Nifty Midcap 100 tumbled 10.8%. With valuations still high, key technical breakdowns, and earnings disappointments, further market turbulence is anticipated.
Diversion of stranded cargo to new markets under review
India is assessing the diversion of export cargoes stranded by the West Asia crisis to alternative markets. The commerce ministry is seeking details from goods