Nifty Smallcap 100 Plunges to 14,986 Low: Why Mid- and Small-Caps Are Crashing Harder Than the Market in March 2026

  The Indian stock market witnessed intense selling pressure on March 23, 2026, as mid- and small-cap indices tumbled over 4% amid a broader market crash driven by escalating geopolitical tensions in the Middle East. The Nifty Midcap 100 index has now declined around 13% year-to-date in 2026, reflecting sharp corrections in broader market segments that have outperformed in previous years but are now facing heightened volatility. Sharp Intraday Declines in Midcap and Smallcap Indices The Nifty Smallcap 100 index opened at 15,565.30 on Monday but quickly slipped to an intraday low of 14,986, erasing significant ground in early trade. By the afternoon session, the selling intensified, with the index down over 4% at points during the day. Market breadth was overwhelmingly negative—except for isolated performers like Trident (up around 2.85%), virtually every stock in the Nifty Smallcap 100 traded in the red, signaling widespread panic across smaller companies. Similarly, the Nifty M...
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RailTel Secures ₹970 Crore Order for Science Labs in Bihar Schools: A Boost to Educational Infrastructure

 


In a significant development for India's education sector, RailTel Corporation of India Ltd, a Navratna PSU specializing in telecom and ICT solutions, has bagged a massive ₹970 crore contract from the Bihar Education Project Council (BEPC). This Letter of Acceptance (LoA), issued on September 25, 2025, marks another milestone in RailTel's growing footprint in Bihar's edtech initiatives. The project, part of the Samagra Shiksha scheme for 2025-26, involves the turnkey establishment of fully equipped Physics, Chemistry, and Biology laboratories in government secondary and senior secondary schools across the state. With a completion deadline of September 24, 2026, this initiative is set to revolutionize hands-on science education for thousands of students in Bihar.

Why This Order Matters for Bihar's Education Landscape

Bihar, home to over 1.1 crore school students, has long grappled with inadequate lab facilities in government schools, hindering practical learning and STEM engagement. The Samagra Shiksha program, a flagship Centrally Sponsored Scheme, aims to bridge this gap by modernizing infrastructure. RailTel's involvement builds on its prior successes in the state, where it has already secured orders worth over ₹7,140 crore for smart classrooms, ICT labs, and teaching materials. This latest win elevates Bihar as one of RailTel's largest edtech markets.

The labs will feature state-of-the-art equipment, including digital microscopes, chemical analyzers, and interactive simulation tools, ensuring compliance with CBSE and NCERT standards. Beyond hardware, RailTel will provide training for teachers and maintenance support, fostering a sustainable ecosystem for inquiry-based learning. Experts believe this could improve Bihar's science pass rates, currently hovering around 60%, and inspire more students toward tech careers.

RailTel's Expertise: From Telecom to Edtech Pioneer

Established in 2000 as a dedicated arm of Indian Railways, RailTel has evolved into a powerhouse in broadband and ICT services. Its pan-India optic fiber network, spanning 63,000 km along railway tracks, gives it unparalleled reach for digital projects. In education, RailTel's portfolio includes station Wi-Fi, hospital management systems, and cyber-secure data centers—making it an ideal partner for Bihar's ambitious rollout.

The company's stock jumped up to 2% post-announcement, reflecting investor confidence in its diversified order book, now exceeding ₹7,197 crore. RailTel's CMD, Sanjai Kumar, emphasized that while telecom services grow at 8-9% annually, project-led orders like this drive expansion. With a market cap of ₹12,283 crore, RailTel's focus on government contracts underscores its role in Digital India.

Broader Implications for India's STEM Push

This order aligns with national goals under the National Education Policy 2020, which prioritizes experiential learning. Bihar's government schools, serving 80% of the state's students, stand to gain immensely—potentially reducing urban migration for quality education. On a national scale, similar initiatives in states like Uttar Pradesh and Rajasthan could create a ripple effect, boosting employability in a sector projected to add 1.5 million jobs by 2030.

However, challenges remain: timely execution amid monsoons and supply chain hurdles. RailTel's track record, including recent ₹396 crore orders for ICT labs, suggests it can deliver. As Bihar invests in its youth, this project isn't just about labs—it's a step toward equitable, tech-savvy education for all.

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