On Dalal Street, it was minnows ruling the roost in 2015 as mid-cap and small-cap stocks beat their blue-chip peers for the second year in a row with an average return of up to six per cent.
As the year 2015 draws to a close, mid-cap and small-cap stocks of the BSE have rallied by nearly six per cent and five per cent, respectively, as against a decline of over six per cent in the bellwether BSE index Sensex on a full-year basis.
However, the gains recorded by the medium and small-size companies remained much below the huge returns of up to 60 per cent they generated in the previous year 2014.
“Growth expectation from markets increased tremendously in 2014 when for the first time in 40 years a single largest party came to power. However, due to political compulsions the fireworks did not go off as expected,” said SAMCO Securities’ CEO Jimeet Modi said.