Small & micro-caps charge to the front, bluechips need a FPI reload

Small and micro-cap stocks clawed back losses from the peak of the West Asia conflict, while mid-caps are a whisker away from reaching the pre-war levels, fuelled by a return of local investors, especially to these battered broad market shares. Blue chips are yet to recover fully as the shadow of foreign investors’ risk aversion to India limits gains.The Nifty small-cap 250 index on Thursday traded 2% higher from February 27, the day before the USIran war started. The index had declined as much...