Sensex, Nifty End Mostly Flat as Investors Eye Fresh Triggers Amid Surge in Covid-19 Cases

“Most of the factors including earnings are factored in large-cap stocks. At the same time market is also acknowledging that small- and mid-caps are much cheaper and most of the earnings have started to come,” said Vinod Nair, head of research at Geojit Financial Services.

For the large-caps to move higher, markets need fresh triggers, he added.

“Going forward, main indices could be flattish and see some profit booking and shift in money allocation to small- and mid-cap stocks from larger ones,” Nair said.

The mid-cap index rose 1.6% and the small-cap added nearly 0.8%.