Key Points
According to a Motilal Oswal report, while the benchmark reclaimed the summit again, the midcap and smallcap universes have outperformed the benchmark compared to the December 2022 peaks...
And in between this journey, the Nifty50 index fell by 17% or 3,183 points before making a sharp recovery of 23% (3,593 points) to achieve an all-time high in December 2022..
Following this, the broader index fell over 10% or by 1,942 points to 16,945 over the next seven months to again turn back and end June 15, 2023, Thursday, with 10% gains at 16,688...
While the index is on the verge of reclaiming the summit, it is the midcaps and smallcaps which have outperformed the benchmark since the peak of December 2022, a Motilal Oswal report said.. 1) In June 2023, Nifty Midcap-100 and Nifty Smallcap-100 are up 8% and 6% from the December 2022 peaks and up 6% but down 9% from the October 2021 levels, respectively.. 2) This implies the markets penchant for midcaps over largecaps...
3) Though the markets are touching new highs, the market cap for Nifty 50 has not surpassed its December 2022 peak level of Rs 150.5 lakh crore...
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