bearish
Recently
Smallcaps skid as broader indices snap two-week winning run; PSU banks buck trend
Small-caps led declines as most sectors slipped; PSU banks outperformed.
Indian equities saw broad weakness with small-cap counters dropping sharply and several names sliding 10–46% intraday. Sectorally, Nifty Media fell 3.2%, Defence 2%, Metal 1.7% and IT 1.6%, while PSU Banks gained about 2%.
Flow data showed FIIs sold ₹1,632.7 crore even as DIIs bought ₹16,678 crore, cushioning the fall.
Traders cited profit-taking after a strong October, stretched valuations in pockets, and global risk-off cues. Focus now shifts to upcoming inflation prints and RBI commentary for direction.