Retail investments into small- and mid-cap stocks (smids) are slowing and could move into large-cap stocks, where the decline from the peak has been steeper. Early signs of this trend are evident as a key mid-cap index has corrected more than Nifty from its peak last month.
While the Nifty shed 3.35% from its peak of 20,222.45 on 15 September to its closing of 19,545.75 on 5 October, the Nifty Midcap 150 has fallen almost 4% from its peak of 15,599.05 on 12 September to 14,975.70 on 5 October.
