After Sensex rally, mid-and small-caps likely to play catch up: Analysts

Analysts say the up move in the benchmark indices has been on account of a rally in only a clutch of stocks, which they feel is a cause for concern

At a time when the global equity markets have been the pressure of a possible escalation in trade wars, Indian markets have been resilient. Since the recent low of 32,483 levels hit on March 23, 2018 in intra-day deals, the S&P BSE Sensex has climbed nearly 12 per cent to hit a record high of 36,533 on Thursday.

Analysts say the up move in the benchmark indices has been on account of a rally in only a clutch of stocks basis the news flow rather than the rally being broad-based. This, they feel, is a cause for concern. In this