Midcap stocks picking up; markets witnessing reality check: Nitin Raheja

In a chat with ET Now, Nitin Raheja, CIO, AQF Advisors shares his views on markets.

ET Now: Optically, Nifty is looking slightly frosty but to look at the broader market, especially the midcap index, things are chugging along very nicely. In the June series, the small cap index was up 11% and the midcap index was up more than 6%.

Nitin Raheja: After the big beta rally that we saw during election time, some sort of a reality check seems to be setting in now. We are back to the bottom up broader market which seems to be doing well. Across the board midcap stocks are seen cheap valuation-wise, yet they are picking up and performing well.