Indian markets saw a surge in November, with BSE Midcap and BSE Smallcap indices reaching all-time highs. Analysts caution about high valuations, with midcap outperformance potentially narrowing.
Year-to-date, Nifty Smallcap 250 and Nifty Midcap 150 indices outperformed Nifty50. Sustainability of the rally is questioned due to rich valuations.
Selective investment is advised, considering factors like election outcomes, global conflicts, crude oil prices, and interest rates.