Small-caps and mid-caps have experienced a substantial rally compared to large-caps. However, the surges in the small-cap and mid-cap segments have resulted in frothy valuations, as indicated by a price-to-book ratio significantly higher than the long-term average. In contrast, large-caps…

In August 2023 meeting, RBI’s Monetary Policy Committee (MPC) decided to maintain the repo rate at 6.5% and retained its policy stance. MPC decided to overlook the inflationary surge caused by the vegetables price shock, given its likely short-term nature….