Small and midcap stocks declined for a third consecutive day on January 12, with the Nifty Smallcap 100 and Midcap 100 indices trading lower. A partial recovery was observed following comments from US Ambassador Sergio Gor emphasizing the strong India-US partnership and ongoing trade deal discussions. Gor also expressed hope for President Trump's visit to India. Tejas Networks was a top loser, down over 9 percent after reporting a Q3 FY26 net loss.