Smaller stocks gain ground as largecaps lose market share

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Large-cap stocks have seen their market share decline over six years. Mid, small, and micro-cap stocks have gained significant ground during this period. The Nifty's share of total market capitalization fell to a multi-year low. Meanwhile, the Nifty Smallcap 250 reached a multi-year high. This trend highlights the increasing weight of smaller companies in the market.