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The rally in frontline indices in the last few sessions suggest that markets have now recovered from the recent correction triggered by market regulator Sebi’s caution on the ‘froth’ in small and mid-cap stocks.
Tata Motors played a major role in helping Nifty index touch its lifetime high of 21,600 points today, December 27.
Financials like HDFC Bank, Bajaj Finance, IndusInd Bank, Kotak Mahindra Bank and State Bank of India are also trading below their 10-year average P/E
Indian equity markets are on a roll as Nifty has crossed the psychological mark of 20,000. Watch this Visual Story to know whether the rally will continue and should you place your bets on large-cap stocks or mid-cap and small-cap shares.