While the mid-cap index soared 2,767.11 points or 23 per cent, gains were sharper for small-cap index which recorded a surge of 3,326.38 points or 27.61 per cent, shows an analysis of their performance so far this year.
On the other hand, the 30-share bluechip index Sensex has gained 3,291.94 points or 12.36 per cent. The index hit an all-time high of 30,184.22 on Thursday.
As for the mid-cap index, it scaled a record high of 14,849.66 on Wednesday and small-cap index 15,486.40 level on the same day as well.
"A rally in midcap stocks raises confidence among aspirational small-cap and mid-cap companies that they too may get good valuation riding on investor appetite for such papers," said Paras Bothra, President - Equity Research, Ashika Stock Broking.
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Market experts say smaller stocks are generally bought by local investors, while overseas investors go for blue-chips.
The mid-cap index tracks companies with a market value that is on an average one-fifth of blue-chips or large firms. Small-cap firms are almost a tenth of that.
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