“Small and mid cap stocks are not expected to revive

Last month, the Vancouver Aquarium filed a lawsuit against the City of Vancouver and its park board over the bylaw banning cetaceans, claiming it has lost millions of dollars in revenue through declining attendance. Clint Wright, the aquarium executive vice president, said the lawsuit does not change the aquarium decision to end its whale program. But he said the decision marks the end of an era for an aquarium that has shown cetaceans since 1966 to more than 45 million visitors.

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Canada Goose Parka There are select small midcap stocks which are doing well, excluding that the broader market is likely to remain under pressure for some more time before investors’ confidence revives, suggest experts.”The recent cut in corporate tax rates was a bold decision which also points towards the intent of the government. But, in real macro terms, it still may take at leastthree to four quarters for the economy to actually start showing positive numbers,”Mohit Ralhan, Managing Partner CIO of TIW Private Equity told Moneycontrol.”Small and mid cap stocks are not expected to revive until the investors’ confidence is back. Right now, it is only for those investors who are a bit savvier and can do their own research to zero down on better companies among the mid and small caps so that they don’t sell in a hurry if prices decline further,”he said.In the BSE 500 index there are as many as 11 stocks which fell 10 20 percent for the week ended December 13, such as KEI Industries, PNB Housing Finance, Reliance Capital, Jain Irrigation and Yes Bank.Where is market headed?Positive global cues fuelled a rally on D Street which helped the benchmark indices reclaim crucial resistance levels. Canada Goose Parka

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