BSE MidCap, SmallCap indices trade 3% down as investors rush to book profits
To some investors, small and microcap shares seem overvalued, compared to their growth potential.
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To some investors, small and microcap shares seem overvalued, compared to their growth potential.
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.
Indian benchmark indices Nifty50, Sensex have jumped nearly 10% so far this year. While the rally is decent, midcap and small indices have outperformed the benchmark by some margin. Nifty midcap index has zoomed around 32% so YTD, and Nifty Smallcap index has rallied 33%. Will the rally in midcap, smallcap stocks to continue in despite high valuations? See what analysts say. Check top stocks ideas.
About 31 lakh new demat accounts were opened last month compared to 29.7 lakh additions a month ago and 21 lakh a year ago.
The Cup and Handle Pattern breakout is observed on the daily chart of Indian Railway Catering & Tourism Corporation. Price breakout is accompanied with rising volumes.