Today news
About the same in other media
D-Street's smallcap rally fades as cautious foreign investors flee
Reading now: 227
BSE Ltd.’s small and mid-cap indexes fell 1.7% and 3.4%, respectively, in the latest month. The declines came as overseas funds sold $2.6 billion of Indian equity in October, on a net basis, their biggest withdrawal since January.
The small- and mid-cap gauges are still up more than 20% this year, outpacing the 5% rise in the benchmark S&P BSE Sensex.
The flight to safety amid rising interest rates and the threat of recessions has hit smaller growth stocks and emerging markets particularly hard. With some local uncertainty ahead of India’s national elections next year, traders may also have been tempted to take profits.
About this in other media
Midcaps, smallcaps too hot; investors should have a large-cap tilt right now, says Varun Fatehpuria of Daulat Finvest livemint.com /1 year ago
Big Movers on D-Street: What should investors do with TCS, PB Fintech & Kalyan Jewellers? economictimes.indiatimes.com /1 year ago
MFs shunned these 10 mid, smallcap stocks for 3 months in a row; what should investors do? economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
