INSUBCONTINENT EXCLUSIVE:
stocks are trading higher than their 200-day moving average price, down from 94 per cent in January when the gauge peaked.
Gains have been
A sell-off in mid- and small-cap stocks -- made worse by stringent margins imposed in June -- has left smaller firms trading near the
Mumbai-based brokerage India Infoline
The Sensex has jumped 12 per cent from its March low to become the first among major benchmark Asian
equity gauges to rebound from a correction this year
The recovery has been fueled by the persistent buying by local mutual funds and optimism about corporate earnings for the June quarter
The SP BSE MidCap Index, in contrast, is down 13 per cent this year after hitting multiple records in 2017.
Big BracketShares of Reliance
have risen more than 19 per cent this year to a record, helping company helmed by billionaire Mukesh Ambani reclaim the $100 billion
milestone for market value last week after more than a decade
As soon as we see stability, midcaps will join the party
