Money finally flowing in to small midcap stocks: Dipan Mehta

In a chat with ET Now, Dipan Mehta, Member, BSE and NSE shares his views on the markets. Excerpts:

ET Now: Signs seem to be pointing towards a bout of outperformance from the broader markets at least from day one?

Dipan Mehta: Yes. Although the indices today are not reflecting the undercurrent which is there in the broader markets and have seen several small cap and midcap stocks spiking up today, the price action movement does suggest that finally money is flowing to the small midcap stocks -- some of it I suspect could be institutional money -- so, we have seen a fantastic rally in the index stocks and the fact that the index is maintaining these levels around its all-time highs is bringing more and more confidence into the market and that is being reflected in the small midcap stocks as well.