Indian frontline indices Sensex and Nifty opened in the red, following negative global cues from US and Asian peers.At 9:45 a.m., Sensex was trading 139 points or 0.19 per cent lower at 73,865 points and Nifty was down 25 points or 0.11 per .
Hitesh Zaveri, SVP & Head at Axis AMC, discusses the investment philosophy, stock selection process, market outlook, and sustainable growth in small cap categories. While ehe Brand Equity Portfolio holdings comprise of companies that have (i) established brands, (ii) turnaround brands and (iii) B2C/B2B2C brands, the satellite part of the portfolio comprises companies that have more cyclicality and have greater flexibility to respond to changing market dynamics.
According to investment bankers, the momentum is visible with a host of companies preparing to enter the IPO space. A total of 56 companies have filed their documents with SEBI targeting to raise Rs 70,000 crore.
The small cap index is down more than 3 per cent on Wednesday. The mid cap index is down more than 2 per cent. The SME IPO index is down more than 4 per cent.