MUMBAI: The outperformance of India’s mid-cap stocks over their larger peers since the coronavirus pandemic engulfed global markets may take a breather, according to some investors. The S&P BSE Midcap Index has outperformed the benchmark S&P BSE Sensex Index in all but five months since the end of 2019, according to data compiled by Bloomberg. While the Sensex is now flirting with a technical correction after climbing to a record high in February, expensive smaller stocks may have more to lose, the fund managers said. His firm has started nibbling at shares of some large companies and plans “meaningful buying” on corrections, especially in bank stocks. The easy monetary policies of global central banks have lifted mid caps more than large stocks as they were relatively very cheap, but that’s not the situation anymore, Srivastava said.

Source: The Star April 23, 2021 01:29 UTC