Why Nifty Is Underperforming Despite Record Profits | Large Caps Vs Small Caps Explained

India’s biggest companies are reporting strong earnings, expanding businesses and outlining ambitious growth plans. Yet many large-cap stocks have failed to deliver meaningful returns, leaving investors frustrated. Deven Choksey, MD of DR Choksey FinServ, explains why India’s large-cap stocks and the Nifty have lagged despite strong fundamentals. He points to excessive derivatives trading, weak price discovery and the growing influence of foreign institutional players as key factors impacting stock performance. Is derivatives activity distorting India’s equity markets? Why are small and mid-caps outperforming large caps? And what could trigger a revival in Nifty heavyweights? Watch the full discussion for insights into the forces shaping India’s stock market.