Nifty, Sensex near record high: Is your stock portfolio feeling left out?

While Nifty and Sensex near record highs, the broader market lags, with smallcaps still 6% from their peak. This rally is driven by select largecaps, particularly banks, while IT stocks struggle. Experts believe earnings derating is largely over, with small and mid-caps poised for faster growth, offering opportunities for patient investors.