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Largecap, midcap threshold rises 25% amid market rally
Business Standard
|July 06, 2024
The market capitalisation (mcap) threshold for a stock to qualify as largecap and midcap has risen to 84,325 crore and 27,564 crore, following the latest rebalancing exercise by the Association of Mutual Funds in India (Amfi), an industry group.
This threshold has jumped around 25 per cent from ₹67,000 crore and ₹22,000 crore, respectively, after the end of the previous rebalancing in December 2023.
Domestic equity markets had clocked their best half-yearly performance since 2021.
During January-June 2024 (H1 CY24), benchmarks Nifty 50 and BSE Sensex rose 10.5 per cent and 9.4 per cent, respectively.
Meanwhile, the BSE Midcap and Smallcap indices outperformed, gaining 25 per cent and 22 per cent, respectively. Based on the halfyearly performance of stocks, Amfi revises the list of largecaps, midcaps and smallcaps.
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