A morning walk down Dalal Street | Market on track to hit fresh record highs, mid & smallcaps likely to outperform

Benchmark indices started the week on a strong note and ended with fresh closing highs. The S&P BSE Sensex, as well as Nifty50, witnessed some profit booking at highs but experts feel that the market is on track to hit fresh record highs and mid & smallcaps are likely to outperform.

Benchmark indices rallied about 4 percent each last week and a stable day of gains on May 27 suggests continuity of the ongoing rally.

The broader market outperformed benchmark indices as the S&P BSE Midcap index rose 1.1 percent while the S&P BSE Smallcap index closed 1.77 percent higher. Most experts feel many stocks in broader markets are available at attractive valuations.