The report noted that although the bulk of the equity market performance since
"The tide is turning in terms of the number of stocks contributing to majority of the Index performance (>75 per cent of BSE 100 index movement) at 24 stocks, which is the highest over the past four years," it said.
Small-cap and mid-cap indices have also outperformed large-caps for the first time since FY17.
The report noted that anatomy of FY21 market rally indicates four
Activity in Phases II and IV indicates that the rally is becoming broad-based, it added.
Normalisation of economic activity continues, but second wave of Covid poses near-term challenges even with hopes of vaccine turning into reality, said the report.
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