This pullback, Solanki believes, has allowed investors to selectively accumulate stocks at relatively lower valuations, leading to stock-specific buying across various sectors.
The Nifty MidCap150 index rallied 1.3 per cent to an intra-day high of 18,477, while the Nifty SmallCap250 index climbed 1.8 per cent to an intra-day high of 14,543 levels on Thursday.
Despite these gains, the Nifty MidCap150 index remains approximately 18 per cent below its 52-week high of 22,515; while the Nifty SmallCap250 index is still about 22 per cent lower than its 52-week high of 18.688.
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