Action shifts to mid, small-caps. Analysts see more upside in select stocks

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

After the stupendous rally that saw the S&P BSE Sensex cross the 60,000 mark on September 24, the action seems to have shifted to the mid-and small-cap segments. At a time when the markets navigated through an uncertain phase of rising oil prices, plans of liquidity taper by the US Federal Reserve (US Fed) and developments in China, S&P BSE Sensex slipped over 1 per cent. The mid-and small-cap indices on the BSE, on the other hand, moved up over 2 per cent and 1 per cent, respectively during this period.

Gains in some of the individual stocks in the