Small guys (stocks & investors) get going
Here is a table that shows how the BSE-Sensex 30 large cap index has lagged the BSE MidCap & SmallCap indices this month:
I’ve normalized all values to 100 on Nov 1: the Sensex is pretty much unchanged, while the mid/small cap indices were up 7-8% as of Friday. The story is the same today: while the Sensex-30 & Nifty-50 indices are up a bit, the mid-cap & small-cap indices on both the BSE & NSE are up almost 3%. While the Sensex remains below its all-time high, the smaller-cap indices have been regularly hitting new highs.
Let’s see . . . retail investors driving up small-cap stocks by double-digit percentages every day. Sounds like we might be getting carried away a bit. 
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