HomeNewsBusinessMarketsHere are 20 stocks and 5 funds from top 5 PMS schemes that outperformed Nifty in February
Trending Topics

Here are 20 stocks and 5 funds from top 5 PMS schemes that outperformed Nifty in February

In the medium term, the market is expected to remain volatile due to uncertainty over the resolution of the ongoing Russo-Ukraine war, input cost inflation, the possibility of rate hikes and a subdued demand scenario.

March 15, 2022 / 13:30 IST
Story continues below Advertisement

Stock markets the world over faced jitters in February, initially due to concerns about interest rate hikes, volatility in crude, and uncertainty regarding geo-political tensions between Russia and Ukraine, which ultimately resulted in a full-fledged war when Russia invaded Ukraine on February 24 and caused the biggest single-day crash of CY22 so far.

Bears seemed to be steadily gaining control of market sentiment as the benchmark Nifty50 declined by 3.15 percent during the month. All the broader indices lost ground and towed the lines of the benchmarks with the Nifty Midcap and Nifty Smallcap indices losing 6.8 and 11.4 percent, respectively. The BSE 500 declined by 4.11 percent while the BSE Smallcap tanked 8.77 percent.

Story continues below Advertisement

“Despite such a significant fall in mid- and smallcap indices, their valuations are still higher compared to their long-term averages. Mid- and smallcap valuations are at 1.1X of the Nifty's valuation, while their 10-year average stands at 0.8X.” said Vinit Bolinjkar, Head of Research, Ventura Securities Ltd.

From achieving their all-time highs in October 2021, markets have corrected significantly with the Nifty50 plummeting 14 percent. Midcaps  and smallcaps also under-performed as they have corrected about 18 percent and 19 percent from their highs of October.