Why are mid, small-caps bleeding? Indices crash up to 4% - Swiggy, Meesho, Vedanta Aluminium, MCX lose big

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The BSE 150 Midcap index crashed 3.2%, while the BSE 250 SmallCap Index crashed 3.6% during the session. The Sensex and the Nifty 50 declined up to 1.4% during the session.