bse sensex, nifty 50 Bullish phase: Indian stock markets are touching new heights, but investors i’m looking for value Share Market You may want to avoid buying at record levels. Historical data suggests that there may be buying opportunities later this year.
A recent study by ICICI Direct cited by ET on the decline in the index over the last 12 years showed that the Nifty fell between 10% and 16% almost every year, except for a significant 38% decline in 2020. When it comes to mid-cap and small-cap stocks, they have experienced declines in each of the last 12 years. The study showed that midcap 150 index Rates fell between 10% and 24% on eight occasions, leaving a 38% drop in 2020.
The decline in small-cap stocks has been even more pronounced. Over the 12-year period under review, the SmallCap 100 index fell between 10% and 34% on 10 occasions, with a massive 47% decline in 2020.

Fund managers have highlighted that the recent modest and brief decline in mid-cap and small-cap stocks has made them more sensitive to sharp corrections.
Harsha Upadhyay, Chief Investment Officer, Kotak AMC, says that smallcap and midcap have seen mostly bullish growth in the last three years without any significant improvement. He says this indicates that there will be high volatility in this segment with moderate returns.

In 2023, Indian equity markets continued their winning streak for the eighth consecutive year, with the Nifty rising 20%. Nifty Midcap 150 witnessed a rise of nearly 44%, while Smallcap 100 witnessed a notable rise of 56% during the same year.
Pankaj Pandey, Head of Research, ICICI Securities, sharing his insights said that the risk-reward ratio is more favorable in large-cap stocks compared to small-caps and small-caps. midcap stock After his strong rally. However, small-caps and mid-caps are expected to outperform over the next 4-5 years.
Read from ETBullish trends in the market in the last few years
Upadhyay stressed the importance of monitoring earnings growth, but also said that reasonable returns can be expected with volatility. “Small-caps and mid-caps are currently trading at premium valuations, which are well above historical averages,” Upadhyay said.