The current market rally in India is being primarily driven by global and institutional investors. Not many local investors and HNIs who actually drive the mid- and small-cap sentiment are actively driving market sentiments.
As demand continues to remain slow, it is getting difficult for mid- and small-cap stocks to perform given the weak economic conditions.
Investors are playing it safe and betting on large, stable companies. This is why a set of large-caps are pushing the market up and if you look at the broader indices, there is no rally.
In the 11th episode of In Focus with Udayan Mukherjee, the CNBC-TV18 Consulting Editor explains how investors should tread the current market trend.
Watch the video for more.
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