Despite Analyst Predictions, Midcap and Smallcap Stocks Maintain Dominance Over Blue-Chips

Despite Analyst Predictions, Midcap and Smallcap Stocks Maintain Dominance Over Blue-Chips

Contrary to analysts’ expectations of blue-chip stocks outshining midcap and smallcap counterparts, the latter continue to hold their ground, indicating their sustained strength in the market compared to their larger, more established peers.

Throughout November, the Nifty Midcap 100 Index surged significantly by 8.2%, marking its most substantial leap since July 2022. Similarly, the Nifty Smallcap 100 Index witnessed an impressive gain of 9.2%, its highest uptick since February 2021. These performances outpaced the advancements of the Sensex and Nifty 50, which saw increases of 3.3% and 3.8%, respectively.

Shrey Jain, founder of SAS Online, attributed November’s upswing to better-than-anticipated earnings and anticipates a sustained streak of robust earnings in the foreseeable future. Analysts also highlighted the drop in crude oil prices and the relaxation of US bond yields as pivotal factors contributing to the broader market recovery.

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