May Mid-cap Mayhem

To begin with, allow us to apologize for bringing you yet another sob story. But with the way the Indian markets have been performing, we have hardly any good news to report. Well, the month of May, 2008 wasn’t a good one for the markets. The Sensex fell by 5.3 per cent and a similar percentage fall was witnessed by the BSE Mid-cap Index as well. Here’s a summary of what the fund managers bought and sold in the mid-cap horizon during the month. Value Research’s stock classification puts mid-cap stocks as the stocks accounting for 20 per cent of the total market capitalization. As on 31st May, 2008, 199 companies were classified as mid-caps. A