Sensex and Nifty have recouped entirely from a fatal crash they suffered in February after a catastrophic jump in the US Volatility Index. But the calm in global financial markets has not cheered India’s small- and mid-cap stocks, a large number of which are down between 30-70 per cent, reviving memories of the bear market following the 2008 crash. What ails them? Experts say, three main policy measures implemented by SEBI may be the reasons.
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