ETMarkets Smart Talk- Our outlook favours small-cap stocks over mid- and large-caps: Satish Menon

We find no evidence of over-optimism in the domestic stock market. YTD, India is underperforming developed markets like the US by 50% (S&P500 18% vs. Nifty50 is 9%), despite the fact that the domestic economy is stable while the US is still at risk of recession.

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