Small-Cap Misery Seen Ending in India Thanks to Rate Cuts
The Delhi Stock Exchange in New Delhi, India
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Just 15 stocks have accounted for almost all the $51 billion climb in India’s stock market this year. Now the smaller fry might be about to join the party.
“We have given a call to our clients to start accumulating small and mid-caps,” said Nilesh Shah, chief executive officer at Kotak Asset Management Co., who helps oversee $25 billion in assets. “Somewhere here the bottom is being formed.”