Nifty SmallCap Flags Bearish Death Cross; 132 Stocks Follow Suit
Overview
The Nifty SmallCap 250 index flashed a bearish 'Death Cross' on January 12, 2026, as its 50-day moving average dipped below the 200-day average. This technical signal coincides with a 5.8% drop from recent highs, impacting 132 constituent stocks which now display similar bearish patterns.
Stocks Mentioned
Nifty SmallCap 250 Index Forms Bearish 'Death Cross'
The Nifty SmallCap 250 index generated a significant bearish technical signal, known as a 'Death Cross,' on January 12, 2026. This pattern occurs when the 50-day moving average (50-DMA) declines below the 200-day moving average (200-DMA), often signalling a shift towards a prolonged downtrend. The index fell 1 per cent to 16,050, marking a 5.8 per cent retreat from its recent peak of 16,893 touched on January 6.
The technical indicators show the 50-DMA at 16,693 has slipped below the 200-DMA, now standing at 16,724. This marks the first 'Death Cross' for the Nifty SmallCap 250 since July 3, 2025, indicating a notable change in sentiment for smaller companies.
Widespread Weakness Across Small Caps
Adding to the bearish outlook, more than half of the index's constituents, totaling 132 stocks, are exhibiting similar 'Death Cross' patterns on their individual charts. Fifteen of these stocks formed the pattern in January 2026, with three doing so on the report date itself. This widespread technical weakness suggests broad-based selling pressure within the small-cap universe.
Prominent Stocks Show Bearish Signals
Several well-known companies are among those witnessing the bearish formation. Aegis Logistics, Amber Enterprises India Ltd, BEML Ltd, Computer Age Management Services Ltd (CAMS), Gland Pharma Ltd, Kajaria Ceramics Ltd, and Pfizer Ltd have all formed a 'Death Cross' in 2026. Furthermore, Akzo Nobel India, Campus Activewear Ltd, and Maharashtra Scooters Ltd were specifically identified as having formed this bearish pattern today.
Akzo Nobel India currently trades at ₹3,088, down nearly 18 per cent from its December high. Its 50-DMA is ₹3,314.70, closely trailing the 200-DMA at ₹3,314.90. Campus Activewear Ltd trades at ₹250.50, showing a steady decline since mid-October 2025, with its 50-DMA at ₹267.19 and 200-DMA at ₹267.49. Maharashtra Scooters Ltd has tumbled approximately 32 per cent from its September 15, 2025, high to ₹12,803, with its 50-DMA at ₹14,310 and 200-DMA at ₹14,385.
