The unanticipated rise of the Sensex and Nifty in recent months implied that the bull run was restricted to a handful of large-cap stocks of renowned companies. Some of you were fortunate enough to benefit from this rally, but many missed the profitable bus. Today, these large-caps are too expensive, and beyond the reach of small investors.
But wait, don’t be disheartened. In the last three months, the indices for small-caps and mid-caps outperformed the ones for the large-caps. The Nifty Mid-Cap 50 and Nifty Small-Cap 50 have recovered to pre-COVID levels but, unlike the Sensex, they haven’t touched their respective all-time highs
Having added over 1,000 points every month since May this year, the BSE Small-Cap and Mid-Cap indices had zoomed 95 per cent and 77 per cent, respectively, by November 27. These, however, were below their all-time highs of above 20,000 points and more than 18,000 points, respectively.
This story is from the December 2020 edition of Outlook Money.
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This story is from the December 2020 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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