THE SELECTORS: Jury Chairman G N Bajpai, former chairman of Sebi and LIC, and members Ashish Kumar Chauhan, chief executive officer & managing director, BSE; Sandeep Parekh, founder & managing partner, Finsec Law Advisors; and Saurabh Mukherjea, foun
After the initial shock of the pandemic, the equity markets rebounded strongly, aided by record foreign inflows, rising pace of vaccinations and a gradually improving economy. With interest rates in key markets at record lows and ample liquidity available, there was a rush towards riskier assets.
The result was that the small- and mid-cap categories outperformed their larger peers for the second year in a row. However, unlike last year, the equity rally this year (12 months ended September 2021) was more broad-based. While the small-cap indices such as the IISL Nifty Smallcap 250 delivered returns of 89 per cent,
First Published: Dec 22 2021 | 6:04 AM IST