BENGALURU: India's blue-chip shares are vastly outperforming those of smaller companies as investors avoid risky bets in a slowing economy, with the gap between the two groups at its widest in more than a decade. The country's benchmark blue-chip indexes hit record highs last month after Prime Minister Narendra Modi cruised to re-election, but the stock markets remain polarised. While the blue-chip Nifty 50 has climbed about 12% in the last one year, the Nifty Smallcap 100 has slipped nearly 13%. A delay in crucial monsoon rains this year could further undermine the agriculture sector that makes up 15% of the economy. Profit margins at smaller firms lagged those at their larger peers, Refinitiv Eikon data shows, even as both sets of companies showed similar levels of revenue growth.

Source: Mint July 04, 2019 09:56 UTC