Midcaps Smallcap

Pain in equities is expected to continue in the short-term, but investors with longer horizon must stay the course

Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover

Benchmark indices swung wildly in trade on Friday after the government's move to tax oil refiners' windfall gain amid soaring crude oil prices hurt index heavyweight Reliance Industries' stock

CLOSING BELL: nfosys, ICICI Bank, Kotak Bank, ITC, and Tata Steel were the large-caps that helped the 30-pack index bounce back from lows

Both the mid- and small-cap gauges were down 10 per cent intra-day over their 2022 highs before recovering some lost ground

Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers

Only 10 stocks from the Nifty basket closed in the red

Airtel, Nestle India, TCS and ITC contributed the most to gains for the benchmark indices

Among sectors, the metal index recorded robust performance with S&P BSE Metal and Nifty Metal indexes gaining 63 per cent in H1CY21

The overall economic and market set up is conducive for the mid-market segment to continue doing well, he said

Market experts believe 2020 could be the comeback year for mid- and small-caps.

Expect broader markets to bottom out, with valuations capping further downside

In the midcap space, HUDCO, RBL Bank, and Indiabulls Ventures declined up to nearly 6 per cent.

RSI is trading in oversold territory and a Golden cross may give rise to accumulation

On the other hand, the 30-share blue chip Sensex has gained 3,795.17 points or 11.14 per cent

Thus far in FY18, the mid-and small-cap indices have outperformed the frontline benchmarks by rising 22.5% and 29.7%, respectively, as compared to 21.2% gain in the Sensex till Thursday

Mid-and small-cap stocks continue to find favour with investors with the S&P BSE Mid-cap and S&P BSE Small-cap indices hitting a fresh high on Wednesday. Thus far in calendar year 2017 (CY17), both these indices have rallied around 31% and 35% respectively, as compared to 19% gain in the frontline S&P BSE Sensex.Since their respective low in August, while the S&P BSE small-cap index has recovered 3.8%, the mid-cap index gained 2.8% till Wednesday.The surge, analysts say, comes on the back of strong liquidity flow into the equity markets, especially by mutual funds to the tune of Rs 71,076 crore in CY17, which found its way into the mid-and small-caps. Their investment thus far in CY17 is 5.5-times higher as compared to CY16, when they had invested Rs 12,848 crore."The large-caps seems to have topped out. The recent market correction saw a healthy downtick in good mid-and small-cap names from their peak valuation. Hence, there is value buying emerging in them. That ...

Total 57 stocks from the midcap and smallcap indices have hit their respective record highs on the BSE

Though analysts remain optimistic on the road ahead for the markets, they don't find the risk-reward favourable in these two market segments