<div id="readability-page-1"><div id="parent_top_div">Bears took charge of Dalal Street on the week’s first trading session on Monday, March 9, as the benchmark indices Sensex and Nifty tumbled over 3 per cent each during intra-day deals. The sharp sell-off came as the conflict in the Middle East entered its tenth day, pushing crude oil prices higher. The BSE Sensex was down 2,494 points, or 3.16 per cent, at 76,424. Likewise, the Nifty 50 index crashed 753 points, or 3.07 per cent, to quote an intraday low of 23,697. The sell-off, however, was more pronounced in the broader markets, with the Nifty Midcap100 and Nifty Smallcap100 indices plunging 3.57 per cent and 3.64 per cent, respectively, during intraday deals on Monday. At last count, the Nifty Midcap100 index was trading with a loss of 3.29 per cent, while the Nifty Smallcap100 index was down 3.10 per cent. In the midcap space, Union Bank of India, Hindustan Petroleum Corporation, Indian Bank, and Steel Authority of India were among the top laggards, trading with losses of up to 7 per cent. Similarly, in the smallcap space, Tejas Networks, SWAN Corp, Mangalore Refinery and Petrochemicals, and Karur Vysya Bank were among the top laggards, trading lower by up to 8.3 per cent. Analysts attributed the market fall to multiple factors, including panic triggered by ongoing geopolitical tensions, high valuations, retail anxiety, limited liquidity, and weak institutional support. “The sell-off is driven by panic caused by the ongoing war. Historically, whenever the broader market declines, small- and mid-cap stocks fall more, with small-caps taking the biggest hit. This is due to higher retail panic, limited liquidity, and lower institutional support. Such steep declines are usually followed by strong recoveries as valuations become attractive. Over the past 20 years, there has been only one instance when the Nifty fell while small-caps were marginally positive. Otherwise, small- and mid-cap stocks have consistently fallen more than large-caps during market corrections,” said G Chokkalingam, founder of Equinomics Research. During panic-induced declines, small- and mid-cap stocks have at times fallen sharply—sometimes by as much as 100 per cent—but have invariably recovered. “Over the past two decades, the key factor has been valuations becoming highly attractive. Small-caps crash, valuations drop, and a boom follows. For example, the post-Covid rally in small-caps delivered gains of around 40 per cent,” Chokkalingam added. He said the cycle follows a simple logic: as valuations turn cheaper, they become more appealing compared with safer large-cap stocks. “This pattern is likely to repeat now, as nine out of ten small-cap stocks are sharply down, making valuations extremely attractive,” he said.</div></div>

印度 Nifty 50 等权重 ETF - First Trust

1678

IMVP

GIND

印度 ETF - PowerShares

3 月 9 日，达拉尔街遭遇恐慌性抛售，基准指数 Sensex 和 Nifty 均下跌超过 3%，原因是中东地区地缘政治紧张局势加剧。BSE Sensex 下跌了 2,494 点（3.16%），报 76,424 点，而 Nifty 50 下跌了 753 点（3.07%），触及日内低点 23,697 点。更广泛的市场表现更差，Nifty Midcap100 和 Smallcap100 指数分别下跌 3.57% 和 3.64%。分析师将此次下跌归因于恐慌性抛售、高估值和流动性有限，并指出小型和中型股通常会经历更剧烈的下跌，但在估值变得有吸引力时往往会强劲反弹

恐慌性抛售席卷 SMIDS，地缘政治担忧导致基准指数下跌 3%