Market Despite sharp fall, these 16 midcaps, smallcaps rallied 32-87% since last Independence Day Updated : August 15, 2019 02:01 PM IST Auto was the biggest loser, with a 36 percent loss amid slowdown due to the higher purchase cost, liquidity crisis, proposal to hike registration fees, and change in emission norms. The worst was seen in broader markets, as the BSE Midcap index plunged more than 17 percent, and the Smallcap index slumped by 25 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.