Midcap index riding high on bullish market: BP Singh

In a chat with ET Now, BP Singh, Executive Director & CIO-Equities, Pramerica Mutual Fund, shares his views on the large cap and mid cap market.

ET Now: Even though markets have got much more post 16th of May than what they expected, the price action in large cap stocks has been rather inconsistent. Where are all the bulls?

BP Singh: Once the confidence in the economy starts improving, the bulls start spreading to the more number of stocks. Earlier the large cap stocks were doing very well when the uncertainty was high. People were investing on the basis of the potential of the economy but they were not so convinced.

Now post 16th of May, the conviction is high and as a result of which most of the investors are now spreading themselves into the other stocks where they see value,growth opportunities and ownership. That is why the midcap index has started doing much better than the large cap index. So, investor sentiment remains positive and it has now moved to the many more options which are available to them.