Mid- and smallcap indices may be scaling fresh highs, but the rally is far from broad-based. Unlike the one-way momentum seen across the segment in 2024, the current market is being driven by sharp divergence, with investors rewarding companies delivering earnings growth and punishing those with weak earnings visibility.
In this edition of ETMarkets Smart Talk, N. ArunaGiri, Founder & CEO of TrustLine Holdings, argues that the record-high narrative masks a much more selective market underneath, where stock and sector-specific momentum is increasingly dominating.
