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This Article is From Jun 01, 2017

India Bull Market Persists Even As Mid Caps Take Breather: Chart

A measure of Indian mid-cap stocks had its first monthly decline this year.



India Bull Market Persists Even As Mid Caps Take Breather: Chart
A passenger bus passes a bull on a road in Nagpur, India. (Photographer: Dhiraj Singh/Bloomberg)

(Bloomberg) -- A measure of Indian mid-cap stocks had its first monthly decline this year, fulfilling the cliche of sell in May and go away. But, that wasn't the case with the benchmark S&P BSE Sensex, which extended its winning streak for a fifth month and set fresh records.

The rally is likely to continue, said Reliance Securities Ltd.'s Rakesh Tarway, because bigger companies are still more attractive than their smaller counterparts in terms of valuation.

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