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Year in Review: Broader mkts lagged as investors shied away from large caps

Polarisation in the markets continued in 2019, with institutional flows sticking to safety of large-caps. As a result, the broader markets continued to lag. The Nifty Midcap closed 5 per cent lower, while the Nifty Smallcap fell about 11 per cent.

Domestic institutional investors (DIIs) also shied away from committing large funds, as fund managers avoided mid- and small-cap stocks with no major signs of an earnings recovery. In 2019, DIIs bought Rs 41,443 crore of equities, which was not even half of the Rs 1 trillion put in by foreign portfolio investors (FPIs). Even though the Nifty touched …

Source: Business Standard