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.
Stock market holiday: In the previous session, the domestic benchmarks rose sharply to close at their fresh record closing highs. The 30-share BSE Sensex pack surged 499 points or 0.79 per cent to settle at 63,915, while the broader NSE Nifty index moved 155 points or 0.82 per cent higher to finish the day at 18,972.
Nifty Smallcap 100 Index Price: Get real time Nifty Smallcap 100 share price index, Nifty Smallcap 100 companies live indices data, Nifty Smallcap 100 stock price & Nifty Smallcap 100 charts at businesstoday.in.
There is trouble brewing under the surface, as more than a quarter of the stocks that are part of the Nifty Smallcap 100 and Nifty Midcap 100 index are now deep in the bear market territory. A stock is said to be technically in the bear market, if it falls more than 20 per cent from its recent high.