Small, midcap stocks tumble, broader market tanks up to 8% in March so far: More correction ahead?

Indian stock markets, particularly small and midcap segments, are experiencing a sharp downturn. Indices have fallen significantly in March due to geopolitical tensions and foreign investor outflows. Analysts suggest valuations remain elevated, but the recent sell-off presents opportunities for long-term investors. Near-term weakness is expected to persist, with cautious stock selection advised.