Nifty 50 Beats Small, Mid Caps First Time In Five Years
It's been a year of large caps as Nifty 50 has beaten the small- and mid-cap indices for the first time in five years.
The benchmark of top 50 large-sized Indian companies rose about 4 percent in the first nine months. The gains were led by information technology and commodity companies.
That came when the market remained volatile because of rising fuel prices and the resultant pressure on the rupee, besides fears of a full-blown tariff war between the U.S. and China. The recent liquidity worries after defaults by systemically important IL&FS and its subsidiaries aggravated the selloff.
While Nifty 50 returned modest gains despite the concerns, Nifty Midcap and Nifty Smallcap gauges fell 19 and 32 percent, respectively, this year. Such a selloff was last seen in 2013 when Nifty 50 fell 3 percent but fared better than the broader indices.
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