Smallcaps: Stay bullish as party may continue, but do check some critical points: 5 stocks from different sectors for long-term investors

On a day when nifty and sensex are trading in red, thanks to the banking sector. It is the mid-cap index which is not only keeping its head above the water but even market breadth in that segment is better. This is pretty much the opposite of what happened on the day of the budget. So, as a principle of investing, don't look at short term movement of indices to decide whether to invest in a particular stock or not. It is the underlying business which matters. Second, because the reaction of the market to STCG and LTCG has been very muted...