As market correct, it's better to stay away from leveraged businesses

Movng to stronger, more diversified ones will be prudent

In past episodes of steep market corrections, such as that of 2008, the BSE Small-cap Index (72.3 per cent) had declined much more than the mid-cap (66.9 per cent) and the large-cap index (52.4 per cent). This time, however, this category has fallen in line with its larger peers. The BSE Sensex, Mid-Cap and Small-cap indices are down 33.9, 36.1, and 38.8 per cent respectively over the past month. Mid- and small-cap stocks have been languishing since January 2018, barring a truncated recovery at the start of the year. Since they have not seen much upside over the past couple