Given the recent underperformance of the mid-and small-caps compared to their larger peers, analysts expect these two market segments, especially the small-caps, to catch up now
On their part, technical analysts see the Nifty is hit 18,100-18,200 levels before it makes any major attempt to reverse. However, this journey, they caution, can see intermittent corrections
While investors dumped mid-and small-cap stocks as the markets remained choppy over the past few weeks, analysts still expect these two segments to see good interest from a medium-to-long term
Most analysts expect the markets to remain choppy in FY23 amid multiple headwinds. The ongoing geopolitical crisis, they feel, will keep commodity prices elevated and market gains in check
In the past one month, the S&P BSE SmallCap index has gained nearly 5 per cent, as against a 4.6 per cent rise in the S&P BSE MidCap index and 2.1 per cent rise in the S&P BSE Sensex
Key factor that has aided the sharp rally, especially in the mid-cap segment is the ample liquidity with global central banks remaining in an 'accommodative' mode
Despite the market correction, there are some stocks from the FMCG and pharma sectors - considered classic defensive plays - that can be bought from a medium-term perspective
In last couple of weeks, the midcap and small cap baskets are on a roll. In fact, unlike previous months, so many stocks from the 'cash' segments started raising their heads higher