As the market opened on Friday, the Indian indices kept declining. At the time this article was being written, the Nifty dropped by 0.26% and the Sensex dropped by 0.36%. Twenty of the Nifty companies were green and thirty were red.
Axis Bank, Bajaj Finserv, SBI Life, NTPC, and BPCL were the top losers, while Dr Reddy’s Laboratories, Britannia, Adani Enterprises, Cipla, and M&M were the top gainers. At the end of Thursday, the Nifty was down 0.7% and the Sensex was down 0.6%.
“Investors must exercise caution when pursuing small-cap stocks because they are currently overvalued. In contrast to risky small-caps, large-caps are safe even when they are highly valued, according to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.