During the week, the BSE Midcap Index rose 1.66%, cleverly jumping after a midweek correction. Sensex and Nifty continued their stellar run, as they added earnings once again this week. Nifty managed to exceed 13,000 points for the first time in history, while Sensex crossed 44,000 points. Although they witnessed …
Read More »Smallcaps rise after Sebi modifies MF multicap rules, but rally may not last long
Sebi’s recent circular asset allocation framework for multicap mutual funds has triggered small stocks. The Nifty Small-Cap 100 Index jumped 5.2% in trading on Monday, nearly 8% below its pre-covid highs. Analysts say this is a sentiment boost that will lift stocks only in the short term. But given that …
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