Strength in the market is currently visible in sectors like banking, finance, and consumption. Mid- and smallcaps have already staged a breakout relative to Nifty 50, and the strength will likely continue there.
Midcap, smallcap valuations still overpriced despite recent correction: Shibani Sircar Kurian
The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps,