Indian headline indices saw sharp cuts with FMCG, IT, and energy sectors hit. Sensex closed at 72,012.05, lower by 736.37 points. Nifty ended at 21,817.45, down by 238.25 points. India VIX increased to 14.11.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain