Tag: bull market

A very important trait of any bull market is that it should have a very good breadth. as of now large caps, midcaps, small-cap all have been doing well. Almost all sectors and even the biggest laggards are doing well and that is very positive. We are staring at two parallel markets. Nifty at an all-time high, blue sky. But there are dark clouds over mid and small-cap stocks. We just need to take a step back and understand the price action that has led up to this move. If you take the Covid bottom in March 2020, from there the small-cap index has been up 233% and the Nifty is up 116% or 118%. What has happened is that from the base, the small caps have outperformed the Nifty. If that is taken into perspective, it is very logical that at some point in time, the large caps need to catch up or the small caps need to rest. Read more

The next decade is going to be tough for global investors, Legendary investor Jim Rogers believes. In an interaction with ETNOW, he said the worst of his lifetime is yet to come, which will take a huge toll on many of the hyped-up stocks. Commenting on the ongoing trend, where expensive stocks are getting more expensive and cheap ones are getting cheaper, he said this always happens towards the end of a bull market, as people think they are safe, and thereafter, you have a blow-off in the market. “That is what happens now. This is a sign that this bull market is getting very old. Several hyped-up stocks are likely to crash when the next bear market comes,” he said. Read more

Some selected smallcap and midcap stocks such as Balkrishna Industries, Deepak Nitrite, Rallis India, and Bajaj Electricals, etc. may deliver up to 26 percent return to investors during the second half of 2020, according to ICICI Securities. The brokerage says after a lull of more than 24 months, the broader market is on the cusp of the next major bull market. The BSE Midcap and BSE Smallcap indices have corrected 29 percent and 38 percent, respectively, from their respective all-time high scaled in January 2018. Benchmark Sensex is down 16 percent from its lifetime high of 42,273, scaled on January 20 this year. Read more