Indian Stock Market, Feb. 18 -- After a mild recovery in the previous trading session, Indian frontline indices resumed their downward trend on Tuesday, with both Nifty 50 and Sensex falling up to 0.70% on February 18. The decline in the small-cap stocks was even more severe.

The Nifty Smallcap 100 index tumbled another 2.21% in trade, reaching 15,072. Another 107-point slide in the small-cap index will push it past the June 2024 low of 14,966. The index has remained in negative territory for seven out of the last eight trading sessions (including today), losing nearly 11.62% of its value. From the January high of 19,224, it is down by 21.36%.

It dropped nearly 10% in the past week, marking its biggest weekly decline since March 2020, w...