Year-to-date, the S&P BSE Midcap and Smallcap indices have given over 36% and 40% returns, respectively, whereas the benchmark Sensex has given around 11% returns.
Positive macro already priced in, market needs fresh earnings trigger: Sanjeev Prasad
Kotak Institutional Equities’ Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from