Small and retail investors aren’t just the only casualties. Some portfolio management services, too, fell prey to the mid- and small-cap lure. Now, as most of these stocks have no liquidity, one star fund manager of a portfolio management service offered, instead, to return shares to his clients because he can’t sell them.
So much is the pain in the mid-cap sector that since January 2018 investors have lost more than ₹28 trillion in all the corrected stocks. The BSE MidCap and the BSE SmallCap indices lost 21% and 30.7%, respectively, since January 2018.
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Noted market expert Shankar Sharma recently tweeted: “A handful of Nifty stocks is masking the ugly truth that the Indian market, now and over the last 18 months, has been far, far worse than the 2008 meltdown in terms of price damage."
Read more at https://www.livemint.com/market/stock-market-news/mid-cap-mayhem-long-road-to-recovery-1563819716599.html
So much is the pain in the mid-cap sector that since January 2018 investors have lost more than ₹28 trillion in all the corrected stocks. The BSE MidCap and the BSE SmallCap indices lost 21% and 30.7%, respectively, since January 2018.
....
Noted market expert Shankar Sharma recently tweeted: “A handful of Nifty stocks is masking the ugly truth that the Indian market, now and over the last 18 months, has been far, far worse than the 2008 meltdown in terms of price damage."
Read more at https://www.livemint.com/market/stock-market-news/mid-cap-mayhem-long-road-to-recovery-1563819716599.html
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