The Indian stock market witnessed a remarkable rally last week, with small-cap stocks stealing the spotlight. The BSE Small-cap index surged nearly 8%, marking its biggest weekly gain since June 2020. Over 250 small-cap stocks posted double-digit returns, showcasing strong investor confidence.
The broader indices outperformed the main indices, with the BSE Mid-cap index rising 7% and the BSE Large-cap index adding 4.6%. The Sensex climbed 3,076.6 points (4.16%) to close at 76,905.51, while the Nifty50 gained 953.2 points (4.25%) to end at 23,350.40.
Positive market cues, including rupee appreciation, foreign investor buying, and falling crude oil prices, fueled this rally. All sectoral indices ended higher, with Nifty Realty and Media leading the charge, each gaining nearly 8%.
Foreign Institutional Investors (FIIs) turned net buyers after 13 weeks, purchasing equities worth ₹5,819.12 crore. Domestic Institutional Investors (DIIs) also contributed, buying equities worth ₹4,337.83 crore.
This stellar performance reflects a bullish market sentiment, though experts advise caution due to potential profit-booking at higher levels. Investors are optimistic about continued growth in the near term.
