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India’s $775 billion stock boom at risk as small caps overheat

https://www.bloomberg.com/news/articles/2023-09-06/india-s-775-billion-stock-boom-at-risk-as-small-caps-overheat
Smaller stocks in India have seen a surge in investor preference, driving the market’s total valuation up $775B in 5 months. This contrasts with the US market, driven by tech megacaps. The Nifty Midcap 100 Index has risen 37%, while the Nifty 50 has gained 16…

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