midcaps continue to outperform selectively,

Sanjay Shah of Morgan Stanley Commenting on midcap outperformance, he said that the improvement in the economy and credit availability had led to midcap outperformance. “We may see midcaps continue to outperform selectively,” he said. According to him, India was benefiting from the rebalancing of BRIC (Brazil, Russia, India, and China) funds.

Sanjay Shah that the incremental interest in India was coming from long-only large hedge funds. "It was commendable to see the markets consolidate and digest 17% gains post the election results. We expect further participation in Indian markets from long-only funds," he said.