The Bombay Stock Exchange (BSE), right, stands on Dalal Street in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)
Small caps are the best category of stocks to be in within the Indian markets, according to First Global’s Shankar Sharma, as the current macroeconomic environment suggests riskier assets will perform better than less risky ones.The decline in interest rates across the world and movement in the U.S. dollar will ensure that money moves towards equity and commodities in emerging markets. Within equities, the riskiest assets will earn t...