Disproportionate rally- Mid, smallcap stocks lag largecaps in last 3 months
时间:2024-05-18 12:40:55 阅读(143)
Disproportionate rally: Mid, smallcap stocks lag largecaps in last 3 months
Mid and smallcap shares have lagged large-caps in the last three months. The Nifty Midcap index returned 1.8% in the period under review while the Nifty Smallcap index was up 3.7% during this period. In comparison, the Nifty 50 returned 5.6%.The latest rally in the markets is driven by FPIs, which typically concentrate on the top 100 stocks. This has resulted in a disproportionate rally in the largecap names.
FPIs purchased stocks worth $4.4 billion in November after offloading stocks worth $900 million in the previous two months. The recent recovery in inflows is driven by expectations that the US Federal Reserve would slow its pace of interest rate hikes.
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