As the “risk on trade” continues to get boosted with all the positive news across the globe and is clearly reflected in the overall markets breadth which is extremely positive. Just keep an eye on liquidity as reflected by FII numbers and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Allspring Global Investment said at its market outlook press conference in New York that 2024 should be a good year for bonds and small- and mid-cap stocks.
While it is clear that globally the “risk on trade” is catching up with emerging markets doing better than what they have been doing at the start of the year. But even in strong bullish markets, there are periods of corrections in which individual stocks may see some correction. Just keep an eye on liquidity as reflected by DII and FII numbers and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.