ET Intelligence Group: The small is getting larger in the current leg of the market rally. The combined market capitalisation of the NSE Small Cap 100 and the NSE Midcap indices has reached a decade high 39% of the benchmark Nifty 50 market value according to the data from Bloomberg.
This is nearly eight percentage points higher than the long-term average ratio. The ratio has increased over the past three years from 29% at the end of December
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