Nifty Midcap 150 Outpaces Large Caps Post-Jackson Hole, but the Gap Is Closing

India's Nifty Midcap 150 gained 2.1% in the three sessions following Jackson Hole, outrunning the Nifty 50's 0.6% advance, but valuation premiums are compressing as large-cap flows reassert themselves. Polycab, Cummins, and Schaeffler lead the divergence.

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