Nifty rallying, but portfolios down? Diwali run masks retail pain as smallcaps extend year-long slide

The Nifty 50 is reaching new heights driven by large companies. However, many smallcap stocks are not participating in this rally. Investors are cautious due to high valuations and tight liquidity in the smallcap segment. Experts suggest patience and selectivity for potential future gains as the market may rotate towards smaller companies.