The Nifty and Sensex are experiencing a broader selloff, but mid and smallcap indices are showing resilience due to strong investor interest in certain stocks.
Despite a significant correction in these indices over the past weeks, they have outperformed the benchmark indices, which have seen a decline from their peak.
Market experts are concerned about high valuations in the mid and smallcap sectors, following a rally in the past year. Analysts recommend investors focus on fairly-valued largecaps with good earnings visibility to navigate the current volatility.