Midcap stocks drop 10% from highs, head for correction as growth outlook sours
A blistering rally in mid-cap stocks is on course to enter correction territory, as investors become increasingly concerned over slowing earnings growth and elevated valuations. The Nifty Midcap 100 tumbled as much as 2.9% Friday, extending its drop from recent high to more than 10% β the parameter for a so-called technical correction. Heavy selling…
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