Why do midcap and smallcap stocks tend to outperform largecap stocks during the festive season?

The stock market is often a reflection of a myriad of global and local economic forces. Over recent months, the Indian stock market, for instance, has showcased a unique dance, largely impacted by global economic shifts. The pendulum has swung both ways, from enthusiasm to caution. Amidst this, a compelling observation stands out: the broader sectors, particularly the mid and small-cap indices, have exhibited remarkable resilience against global downturns, consistently outstripping the gains of the benchmark Nifty index.

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