India’s ‘casino’ type 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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Synopsis
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 midcap rally may be poised for a break
SECTIONS
Last Updated: Apr 22, 2021, 09:19 AM IST
Share
Synopsis
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.
Getty Images
Related
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.
Choose The Best Health Insurance For Yourself & Your Family Made Easy - Reasons, Criteria & Types By siliconindia | Monday, 15 March 2021, 09:23 Hrs According to the World Health Organisation, around 32% of hospital admissions in urban India are financed by loans and/ or sale of assets. Also, close to 48% of hospital admissions in rural India are financed by these same sources. Even in this time and age, there is a very negligible share of health insurance that contributes to any of these expenses. According to the same statistics, over 70% of Indians spend their entire income on health care. If we look at the poverty line, 3.2 % of Indians tend to fall under it only as a result of high medical expenses.