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Market Pain Continues With Midcaps Wealth Erosion

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August 13: Even as the key brokerages start revising their Sensex and Nifty targets as the economy slows further, the real pain lies beyond the index. Midcaps have been beaten out of shape and are now a pale shadow of the promise they held before the 2008 correction began. Bloomberg TV India looks at data that shows more than Rs.3 lakh crore of promoter wealth has been wiped out among midcaps in the last five years.