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Small, mid-caps join the rally

business Updated: Apr 07, 2011 21:37 IST
HT Correspondent

The benchmark Sensex of the Bombay Stock Exchange (BSE) may have lost steam after a 10% gain in ten straight trading sessions but the mid-cap and small-cap index, which initially lagged those gains, have now outdone the Sensex.

The Sensex fell by 0.1% to close at 19,591.2 on Thursday but the mid-cap index and the small-cap index rose by 1% and 1.3%.

"It is always good to go by quality stocks and investments in mid-and-small caps should be made with help from advisers," said Alex Mathew, research head, Geojit BNP Paribas Financial Services.

There are others who also feel that caution should be practiced.

"If the crude oil impact is transmitted into the system and there is a rise in inflation and rates then mid-caps would be the first ones to feel the heat," said Pankaj Pandey, research head, ICICI Securities.