 "markets, stock market, m-cap, market capitalisation, sensex, correction, nifty, shares, growth, profit, economy, gain")
The stock market recovery in the past 11 months has been astonishing. Despite an economic contraction, the National Stock Exchange (NSE) Nifty and BSE Sensex have hit all-time highs and the big stock indices have roughly doubled from the lows hit after the announcement of the first lockdown in March 2020.
Given the visibility of a continuing corporate recovery, and a Budget perceived as market-friendly, could the markets see a further rally? Although valuations are high, there are supporting factors to sustain a continuing rally. Moreover that rally is likely to see outperformance from smaller stocks, especially the small-caps.
Since January 2019,
