Large caps likely to outperform broader market: Analysts

​Nifty managed to hold 21,800 and recorded a fresh all-time high of 22,463. The index has retraced the past five sessions’ decline in just a single session, highlighting faster retracement that makes us expect it to head towards 22,700. In the process, we expect large-caps to relatively outperform the broader market as the ratio of Nifty vs Nifty 500 has bottomed out around 1 level.

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