Have Sensex, Nifty lost relevance as India's stock market indicator?
Vijay Kedia highlights the disconnect between headline equity indices and smallcap portfolios. Retail investors, bluechip warriors, and midcap/smallcap indices experience a significant disconnect. Nifty Midsmall Cap 400 is suggested for a better overview. As the Indian market matures, broad indices will gain more relevance.
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