India's stock market has witnessed a mixed trend, with small and mid-cap stocks snapping their losing streak and defying the overall sour market sentiment. The Nifty 50 index saw an inverse relation with the India VIX, indicating a distorted market trend. Meanwhile, the government is in a "wait and watch mode" as markets continue to tumble. In other news, the manufacturing sector's share in the economy remains at the same level as 18 years ago. The Indian government has also announced plans to set up its first semiconductor fabrication plant, with an investment of Rs 2,500 crore in the current fiscal year. This move is expected to boost the country's electronics manufacturing sector. Additionally, private sector non-financial firms' share of capital expenditure has declined in 2023-24, indicating a slowdown in investment activity. In the corporate world, Mizuho and KKR have finalized deal terms for a stake in Avendus Capital, while founder stakes in unicorn startups have declined amid a challenging funding environment. The top gainers in the market include Bharat Elec, SBI, and BPCL, while the top losers include Bajaj Auto, Hero Motocorp, and Bajaj Finserv.