Profit booking, valuation woes lead to selloff in smallcap, midcap stocks
In the last five sessions, BSE Midcap and BSE Smallcap lost 1.90 per cent and 3.12 per cent, respectively even as benchmark Sensex gained 1.08 per cent.
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In the last five sessions, BSE Midcap and BSE Smallcap lost 1.90 per cent and 3.12 per cent, respectively even as benchmark Sensex gained 1.08 per cent.
Indian share markets end deep in the red tracking weak global cues. The Sensex ended down by 555 points while the Nifty plunged 176 points.
FMCG and IT indices managed to post decent gains, whereas metals succumbed to selling pressure. Realty and PSU banks were among other top losers.
Data compiled from corporate database AceEquity suggests one-third of 98 BSE Midcap constituents need to rally at least 50 per cent to reclaim their record high levels.
Midcaps & smallcap market outperformance to start, just like 2009-2010 & 2014-2017. Broader Market outperformance on the horizon?   BSE Midcap / Nifty 50 – Ratio Chart Chart represents a ratio of BSE Midcap to Nifty 50 It measures relative outperformance of one index over the other The chart represents a similar pattern which formed in the year 2009 and 2014 Reversal in the ratio chart will see Midcap stocks outperforming Nifty as the chart breaks out BSE Smallcap / Nifty 50 – Ratio Chart Chart represents a ratio of BSE Smallcap to Nifty 50 It measures relative outperf...