Mid- and small-cap pressure persists as valuation concerns deepen: Harsha Upadhyaya

Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in these segments due to rich valuations and decelerating earnings, favoring large and select midcaps with a focus on banking, financials, and consumption.

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