India has reclaimed its position as the sixth largest economy by market capitalization. This shift occurred as South Korea’s market cap saw a significant drop. Major South Korean chip makers like Samsung Electronics and SK Hynix experienced sharp declines. This impacted their overall market value. Indian IT stocks also saw some weakness but remained relatively stable.
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