Mutual funds have moved SEBI to enhance the large-cap classification from top-100 companies in terms of market capitalisation to 125. Subsequently, mid-cap will now be from 126th stock to 276th against the current practice of 101 to 250, while stocks from 277 will be termed as small-caps. The market capitalisation of both NSE and BSE has increased 35 per cent in last one year on large scale retail participation on the new found economic prospects and rush of companies to list on exchange by launching initial public offerings.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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