In the past three months, the Nifty PSE index surged close to 48%, while the Small-cap 250 and Mid-cap 100 indices rose about 21%. Analysts said the rally in public sector stocks has led to a surge in participation by individual traders, who have mounted bullish bets on them with borrowed money.
Apart from the comfort of valuations, large caps could benefit from the ongoing pullback in the market, owing mostly to the flight of foreign capital on the escalation of geopolitical tensions and other global worries.
Apart from the comfort of valuations, large caps could benefit from the ongoing pullback in the market, owing mostly to the flight of foreign capital on the escalation of geopolitical tensions and other global worries.