What should be your midcap strategy and how to separate the wheat from the chaff
Nifty Midcap 100 index hit two-month low of 17,039 on the National Stock Exchange (NSE) in intra-day trade on Wednesday, after a sharp decline in stocks like Jubilant FoodWorks, Power Finance Corporation and Rural Electrification Corporation. The index is at its lowest level since March 30, 2017.At 10:23 am; the Nifty Midcap 100 index that was trading at 17,166 levels, has underperformed the market, falling 7.2% from its all-time high closing level of 18,948 on May 16, 2017. By comparison, the Nifty 50 index has gained nearly 1% during the period."I think it is a normal unwinding by the investors. In every bull-run, the midcap index rises more than the S&P BSE Sensex and the Nifty50 indices, and falls sharply in case of a correction. Investors tend to invest in mid-and small-caps to make money faster and sooner than the large-caps and when the tide turns, the rush to exit is also fast. I don't think there is cause for concern yet," says Deepak Jasani, head of retail research at ..
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