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Indian economy sets the stage for a major midcaps rally, here’s how!

The two macro indicators were unfavourable in 2018, leading to the underperformance of the broader market against the Nifty50. NEW DELHI: India’s interest rates have just started falling and current account deficit (CAD) numbers for December quarter are projected to ease from a five-year high. If one were to go by history, whenever the two macro indicators turn favourable, the broader market tends to outshine largecaps or vice-versa. It seems, this has already started playing out on Dalal Street following the recent RBI policy rate cut. The Nifty500 index, representing the broader market, has risen nearly 4 per cent […]

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