The Nifty SmallCap 250 index experienced a 'Death Cross' on January 12, 2026, a bearish technical signal where the 50-day moving average fell below the 200-day moving average. This formation, last seen in July 2025, indicates a potential negative trend, though not definitive. Over 132 stocks within the small-cap index also showed similar bearish chart patterns, with 15 forming this pattern in January and three on the day of the report.