After the massive rally in large stocks, the interest of the markets has shifted to small- and mid-cap stocks. While the Bombay Stock Exchange (BSE) Sensex has corrected by nearly 5 per cent since Monday, mid- and small-cap indices have witnessed 9 per cent and 14.48 per cent gains, respectively.
Brokers said after the spectacular rally in the Sensex and the Nifty, which caught most of them off-guard, investors were buying small- and mid-cap stocks. However, they are also advising clients to be cautious while trading in these counters as there is high operator activity due to which some stocks have doubled in a few trading sessions.
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“Normally, small- and mid-cap stocks follow a massive rally in large-cap stocks, after which there is some correction. In the domestic markets, the small- and mid-cap stocks have witnessed a run-up too fast and so investors should be cautious and take advice from experts who can spot good companies,” said Dinesh Thakkar, director, Angel broking.
The gains have been high for stocks across the sectors, ranging from infrastructure, banking and metal to media.