It is a fact that mid-cap indices have underperformed the broader market indices in the last two sessions. But the fact is also that, over the past three months, mid-caps have been able to keep their heads above water. A number of times, even when the indices were under pressure, they were able to outperform. So, the macro case for being bullish is clearly present. But on a micro level, it is important to be selective and focus on certain aspects of management and the business of the company. If the stock selection is done right, the ability to ignore the noise and confusion amidst volatility in the market is higher.
