Broader Markets Stealing the Show!

Those of you having portfolios tilted towards Small-Cap and Mid-Cap stocks would be witnessing a sharp reversal in their performance over the past few days. This is a welcome sign coinciding with the start of the financial year. The broader equity market, after underperforming the frontline index for little more than one year, now appears to be turning around. While the Large-Cap index represented by Nifty 100 has given negative returns, the mid-cap and small-cap indices are up by anywhere between 1.5-2.1 per cent. There could be many reasons for this, though the most plausible is the unexpected change in the stance of the monetary policy.