Indian equity markets have reached a new peak after a long wait. However, this record high does not reflect the entire market. Midcap and smallcap stocks are still lagging behind. Liquidity issues, driven by a surge in IPOs, are impacting these segments. Experts anticipate rate-sensitive sectors to drive future growth as India moves towards a lower interest rate cycle.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj