Largecaps face investor apathy, mid and smallcaps fuel euphoria: Kotak Institutional Equities
Indian equities show a divide in investor sentiment, with large-cap stocks facing apathy despite better valuations, while retail investors favor mid- and small-cap stocks, Kotak Institutional Equities reported. The firm noted that ongoing geopolitical tensions and macroeconomic risks contribute to this trend. A resolution in the West Asia conflict could shift sentiment towards large caps, impacting future market dynamics.