In this episode of Talking Point, we spoke to Porinju Veliyath, Founder & CEO, Equity Intelligence about the small and mid-cap space. NSE Nifty Smallcap 100 Index and the NSE Nifty Midcap100 Index fell 23% and 18% from their peaks, respectively. Amid the fall Porinju Veliyath believes that market recovery seems unlikely while earnings will be a key determinant going forward.