Stay updated with breaking news from Midcap Index. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-ap-southeast-2.images.arcpublishing.com/nzme/WNWSTURYHVFS7CDNTBVHWIYGN4.jpg)
Despite a middling economy, signs of life have emerged from an unlikely source - the automotive industry. A handful of auto companies have reported robust...
Nifty Smallcap 250 has risen by 11.07%, 33.68%, and 37.31%, in the last three months, six months, and 1 year, respectively. Among the indices analysed by the brokerage, only Nifty Microcap 150 with a 10.64% uptick, delivered higher returns than Nifty Smallcap 250 last month. Nifty Next50 rose by 9.09% and Nifty 500 gained by 7.06%.
There is no stopping the rally in mid and small-cap stocks. The broader markets have been consistently hitting new peaks this year including today, massively outperforming the benchmark indices. Should you still buy or stay cautious?
The Multi Commodity of India Limited (MCX) is also closed for morning trading on November 27
“Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. The uptrend remains intact as long as the sequence of higher tops and higher bottoms is sustained. Also, it is trading above its short and long-term moving averages. The momentum indicators and oscillators are also supporting the overall bullish chart structure,” he says.