India’s midcap rally may be poised for a break
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Last Updated: Apr 22, 2021, 09:19 AM IST
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Fund managers at Star Health & Allied Insurance Co. and Smartsun Capital Pte said they are currently avoiding midcaps based on global economic cues and valuations.
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By Abhishek Vishnoi
The outperformance of India’s midcap stocks over their larger peers since the coronavirus pandemic engulfed global markets may take a breather, according to some investors.
Fund managers at Star Health & Allied Insurance Co. and Smartsun Capital Pte said they are currently avoiding midcaps based on global economic cues and valuations. Both said there is more safety in buying large stocks now that India has become the epicenter of virus resurgence in Asia, while inflation is set to rise in the U.S. and China as the world’s two biggest economies are rebounding.
India s casino type midcap rally amid Covid may be poised for a break business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Delhi night curfew: Restaurants, marriage planners stare at bleak future
The Delhi government has announced exemptions for various categories of people, including include those travelling to and from airports, railway stations and bus terminuses.
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Some also supported the decision, saying people were likely to step out in the night with increasing temperatures. (Photo | PTI) By PTI
NEW DELHI: People in Delhi wondered whether the move to impose night curfew would be effective in checking the spread of the coronavirus cases, which are shooting up over the past few days.
They argued that there was a need for better implementation of guidelines and heftier fine against violators during the day instead of imposing a night curfew when most of the population is already indoors .