BSE Midcap and Smallcap indices fell over 1.5 percent amid reports that SEBI has urged asset managers to provide investors with more information on the risks associated with their small and mid-cap funds.
The momentum is likely to continue and markets expected to touch new highs. The market will track global cues as no major domestic events are lined up in the sort term, say analysts
The resilient domestic buying is providing the main support to the rally in the market, and the strong performance of the economy and improving corporate earnings are also a solid fundamental support to the markets, according to analysts.