The correction in mid- and small-cap stocks, which began in January 2017, appears to be gathering momentum now. The Nifty Midcap 100 is down 10.6 per cent year-to-date (YTD) and 13.5 per cent compared to its 52-week peak.
The corresponding numbers for the Nifty Smallcap Index are 14.1 per cent and 19.1 per cent respectively. New investors in particular, who entered the markets during the recent rally and have never experienced a correction, need to hold on to their equity investments. Valuation discomfort: Discomfort with over valuation in the mid- and small-cap space is primarily ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
First Published: Thu, May 24 2018. 00:30 IST
