Yields on government bonds slumped after Finance Minister Nirmala Sitharaman pegged the gross and net market borrowing for FY25 at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts pegged the gross market borrowing to be a little over Rs 15 lakh crore.
Smallcap stocks have trailed Nifty by 20 per cent in the past 18 months. Most markers suggest that the underperformance cycle is halfway through, said Nuvama Institutional Equities.