On 6 November 2025, India’s mid-cap segment came under significant pressure with the BSE Midcap Index falling around 1.19% and the BSE Smallcap Index down about 1.53%. Analysts attribute the move to profit-booking in riskier stocks, foreign fund outflows and fading liquidity support. Over the past five days the mid-cap segment has slipped another ~0.8%, showing signs of vulnerability compared to large-caps. The sharp out-performance of mid/small caps earlier in the year may be reversing for now.