Mid Cap Crash

Today once again Retail Investor were taken off guard with a carnage in Mid caps stocks. Core education lost more than 60% of its market capital in few hours, Many other stocks dived more than 20% of their market cap.The sharp selloff was in contrast to the benchmark Sensex and Nifty which traded flat.
Core Education shares plunged around 60 percent, leading the wave of distress sales in many mid-cap shares today. The reason for the free fall is not yet clear, but brokers said it could most likely be due to financiers selling the shares pledged with them by promoters or market operators. Another theory doing the round is that the slide may have been sparked off by some brokerages liquidating derivative positions of some of their large clients, because of their inability to honor margin commitments.
Another story doing round is Sanjay Danghi ..


Continue Reading