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Stay away from mid, small caps

Looking at the current levels, most experts are quite confident about equity markets’ long-term prospects. From here on, most believe, the chances of markets inching up are very high. At worst, the Nifty could go down 100 points from the current level, they say. In such situations (when the markets are near all-time low), traditionally, it is said that one should invest in mid and small-cap segments as these are high beta stocks that run up faster than the benchmark indices do. That is, if the Sensex, the BSE benchmark index, rises by one per cent, the mid-cap index could rise by 1.5-2 ...