While large-cap indices recovered towards the end of the session, midcap and smallcap stocks experienced intense risk-off distribution. On the NSE, the Nifty Midcap 100 index tumbled 2.2%, while the Nifty Smallcap 100 plunged 2.9%. Market breadth was severely negative, with over 3,400 BSE-listed stocks closing in the red.
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