The overall economic and market set up is conducive for the mid-market segment to continue doing well, he said
Market experts believe 2020 could be the comeback year for mid- and small-caps.
Expect broader markets to bottom out, with valuations capping further downside
In the midcap space, HUDCO, RBL Bank, and Indiabulls Ventures declined up to nearly 6 per cent.
RSI is trading in oversold territory and a Golden cross may give rise to accumulation
On the other hand, the 30-share blue chip Sensex has gained 3,795.17 points or 11.14 per cent
Thus far in FY18, the mid-and small-cap indices have outperformed the frontline benchmarks by rising 22.5% and 29.7%, respectively, as compared to 21.2% gain in the Sensex till Thursday
Mid-and small-cap stocks continue to find favour with investors with the S&P BSE Mid-cap and S&P BSE Small-cap indices hitting a fresh high on Wednesday. Thus far in calendar year 2017 (CY17), both these indices have rallied around 31% and 35% respectively, as compared to 19% gain in the frontline S&P BSE Sensex.Since their respective low in August, while the S&P BSE small-cap index has recovered 3.8%, the mid-cap index gained 2.8% till Wednesday.The surge, analysts say, comes on the back of strong liquidity flow into the equity markets, especially by mutual funds to the tune of Rs 71,076 crore in CY17, which found its way into the mid-and small-caps. Their investment thus far in CY17 is 5.5-times higher as compared to CY16, when they had invested Rs 12,848 crore."The large-caps seems to have topped out. The recent market correction saw a healthy downtick in good mid-and small-cap names from their peak valuation. Hence, there is value buying emerging in them. That ...
Total 57 stocks from the midcap and smallcap indices have hit their respective record highs on the BSE
Though analysts remain optimistic on the road ahead for the markets, they don't find the risk-reward favourable in these two market segments