During the month of June, S&P BSE Sensex appreciated 0.50% on total return basis. S&P BSE Mid cap and S&P BSE Small cap indices continued their declining trend. S&P BSE Mid cap index fell 3.47% whereas S&P BSE Small cap index declined much sharper by 7.03%. Small and midcap stocks were doing much better for the past three years compared to large cap indices. Many of such stocks were priced very high and seemed to be in bubble territory. In the six months of 2018 so far, S&P BSE Sensex rose 4.69%, whereas midcap and small cap indices fell by 13.1% and 16.5% respectively on total return basis.
China’s sudden stock rally sucks money from India, other Asian markets
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