Broader markets race ahead in August, even as large-caps show fatigue

Retail buyers push Nifty Smallcap up 8% in August; mid-caps jump 6% against a 2% rise in large-caps

Even as large-caps are showing signs of fatigue after logging their best two-month performance in more than a decade, small- and mid-caps continue to charge ahead at a brisk pace. In August, so far, the Nifty Midcap 100 and the Nifty Smallcap 100 have gained 6 per cent and 8 per cent, respectively. The blue chip-focused Nifty is up only 2 per cent.

In the previous two calendar months, the Nifty had gained 16 per cent — its best two-month performance since March 2009. The gain for the Midcap 100 index had been in line with that for the Nifty.