Page 4 - Nifty Microcap News Today

The index fund will invest in 750 stocks, covering 96% of stock market capitalization, and is open for subscription.

While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.

Tata Steel shares jumped 1.61 per cent, after Moody's raised the company's long-term rating from Ba1 to Baa3, and revised its outlook to 'Stable' from 'Positive'.

“Unlike the large and midcaps, a particular sector growth is not going to drive a large number of microcaps because a lot of them are completely different from each other. The second thing is the liquidity issue. Even when you are including companies, they will have to take a very small exposure, which by its very nature, automatically raises the number of holdings in the portfolio.”

Analysts said upsides in the stock benchmarks were capped as investors and traders were, at the time, awaiting US consumer inflation data after trading hours in Mumbai on Wednesday.

Indian equities touched record levels on Wednesday, with the Nifty ending above 20,000 for the first time, led by gains in bank shares. Small- and micro-cap stocks rebounded from the previous days brutal sell-off, as investors temporarily brushed aside concerns over pricey valuations.

"The reason the market saw no panic selling is there is low trader interest and positioning in these stocks, in the segment," said Rohit Srivastava, Founder, Indiacharts.com. "IT is going to do better backed by a good global tech environment and strong NASDAQ, and will continue to pick up."

The Nifty Midcap 150 index dropped 3% and Nifty Small-cap 250 fell 3.9%, Nifty Microcap 250 declined 5.2% on Tuesday - their biggest single-day declines since December 23, 2022.

In the past six months, the Nifty 50 has moved up by 15.5%, while the Nifty Microcap 250 has jumped 57%. The Nifty Smallcap 250 and Nifty Midcap 150 have gained 39% and 35%, respectively.

In the past six months, the Nifty 50 has moved up by 15.5%, while the Nifty Microcap 250 has jumped 57%. The Nifty Smallcap 250 and Nifty Midcap 150 have gained 39% and 35%, respectively.