It's a multi-horse Street race now as Smids muscle in

For years, India’s stock market ran on the shoulders of a few giants. Not anymore.

- Mayur Bhalerao

Trading activity and institutional money are now spreading across the widest set of companies in nearly a decade, with market concentration gauges such as the Herfindahl-Hirschman Index, or HHI, falling sharply from their pandemic highs and signalling a structural broadening of who gets attention and capital.