Will retail attitude turn positive, or fund inflows taper off?

The Nifty Midcaps 150 is down by 6.05% and the Nifty Smallcaps 250 is down by 6.5%

There have been major variations in returns across large-caps, midcaps and smallcaps in the first three weeks of May. The Nifty closed at 10,718 on May 2 (May 1 was a holiday) and it declined by 1.69 per cent to hit 10,535 by May 22. The Nifty Next 50 declined 5.7 per cent in the same time. 

The reasons for the decline include higher crude oil prices, weaker rupee, and poor sentiment post-Karnataka elections. Note that the Nifty and Nifty Next 50 track very large caps, where the bulk of trading volumes comes straight from institutions.

Look at smaller stock indices. The