Capitalmind MF CEO Deepak Shenoy warns that Indias market rally lacks breadth despite Niftys record highs, with smallcaps still down 5% in 2025 and valuations stretched. He explains why RBI must consider rate cuts amid low inflation, what FIIs are waiting for, and where opportunities lie across midcaps, financials, manufacturing, and public-sector banks.
Smallcaps lag, FIIs quiet, valuations stretched: Deepak Shenoy on what’s holding back the market rally