With small and midcap stocks outperforming benchmarks, investors seem to be shifting to the riskier segment. The BSE Smallcap index has outpaced benchmarks by a wide margin this year. Year to date, the BSE Smallcap index has surged 23%, and BSE Midcap gained 15%, while Sensex and Nifty were up 3% and 6%, respectively. The BSE Smallcap index hit a record high of 22,360.13 on Friday. However, even as economists and rating agencies have started to gradually slash India’s gross domestic product (GDP) target for FY22, investors have stayed hooked to smallcap stocks.
Source: Mint May 07, 2021 18:10 UTC