Correction, volatility, recovery, these are a couple of words which dominated Dalal street in 2022. What words will dominate 2023; bull run, bearish phase, underperformance or nifty makes new high. Whatever might be the other words, one word is sure to dominate “large cap stocks” and there are reasons for it. There is enough evidence to prove that having large cap stocks in one’s portfolio is a better option when markets are trading at rich valuations.
India’s stock market volatility since last Diwali saw 60 stocks lose up to 96%
At least 63 stocks with a market capitalisation of over Rs 1,000 crore have lost more than half their value since last Diwali, with some