Midcaps likely to underperform in 2023 on broadening downgrades, says Nuvama
Midcaps were almost in line with the benchmark in 2022. While the Nifty rose 4 percent in 2022, the Nifty Midcap 100 added 3.5 percent during the year. Smallcaps, however, massively underperformed the frontline indices, down over 12 percent in 2022.
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