An analysis by ETMarkets reveals how the leadership rotated between largcaps and broader markets over the last five years depending on the risk cycle, with 2025 once again emerging as a year where big boys have reclaimed their defensive edge.The post-pandemic liquidity boom of 2021 belonged decisively to the broader market. While the BSE Largecap index delivered a healthy 25% return, That exuberance faded in 2022, a year marked by global rate hikes and heightened uncertainty. While the US Federal Reserve k ...