Small-caps steal a march over large-caps, look primed for outperformance

Moreover, the upmove in the equity markets will shift towards small-caps, the brokerage predicts

Stocks in the small-cap universe have started to outperform large-caps. On Wednesday, the National Stock Exchange Nifty Smallcap 100 rose 0.53 per cent, even as the Nifty fell 0.6 per cent. This was just a persistence of a trend seen over the past month when the Nifty Smallcap 100 gained 6.1 per cent and the Nifty 2.7 per cent.

After underperforming the Nifty for 18 months, small-caps look primed for outperformance, observe analysts.

While the Nifty50 and the Nifty Midcap 100 have come close to hitting new lifetime highs, the Nifty Smallcap 100 is still some distance away, signalling more