Largecaps Down 14% in 2026, Smallcaps Gain Amid Market Split
Indian equities show a sharp divide in 2026: largecaps have dropped 14%, midcaps fallen 2%, smallcaps gained 8%, and microcaps rose 15%. Record foreign portfolio investor (FPI) selling of ₹2.8 lakh crore has mainly impacted largecaps, making them appear relatively attractive. However, high valuations in smallcaps leave limited margin for earnings setbacks.
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