80% of over Rs 1,000 cr mcap stocks are down 20%: Is it time to buy midcaps?

While headline indices indicate a moderate decline, a closer look at market breadth reveals a sharper correction. The Nifty 500, covering a broader stock spectrum beyond the large-cap-heavy Nifty 50, has significantly underperformed. Mid- and small-cap portfolios have been hit the hardest, reflecting the depth of the downturn beyond what index movements suggest.