Record-Breaking Year for Indian Stock Market.!
The conclusion of the current financial year has brought remarkable achievements for the domestic stock market, with small-cap indices leading the rally. Despite one more day remaining in the fiscal year, the stock market concluded its trading session on Thursday, march 28, marking a phenomenal performance throughout the year.
However, the standout performers were the mid-cap and small-cap indices, which outperformed major indices by a significant margin. The BSE Mid Cap Index surged by 62.38%, while the BSE Small Cap Index recorded a remarkable growth of 59.60% during the fiscal year. In comparison, the Sensex and Nifty50 saw gains of 24.82% and 28.61%, respectively, indicating that small caps witnessed more than double the rally of major indices.
Throughout the fiscal year, mid-cap and small-cap indices consistently set new records, reaching peak levels in february 2024. However, the last month of march 2024 witnessed a slight downturn for small caps, with the small-cap index declining by 4.55%. Several factors contributed to this, including statements from the SEBI chief about a potential bubble in mid and small-caps, as well as profit booking pressures due to high valuations.
However, the standout performers were the mid-cap and small-cap indices, which outperformed major indices by a significant margin. The BSE Mid Cap Index surged by 62.38%, while the BSE Small Cap Index recorded a remarkable growth of 59.60% during the fiscal year. In comparison, the Sensex and Nifty50 saw gains of 24.82% and 28.61%, respectively, indicating that small caps witnessed more than double the rally of major indices.
Throughout the fiscal year, mid-cap and small-cap indices consistently set new records, reaching peak levels in february 2024. However, the last month of march 2024 witnessed a slight downturn for small caps, with the small-cap index declining by 4.55%. Several factors contributed to this, including statements from the SEBI chief about a potential bubble in mid and small-caps, as well as profit booking pressures due to high valuations.