In the calendar year 2019 (CY19), benchmark indices scaled new peaks while mid and small-cap indices continued to reel under pressure and gave negative returns for the second consecutive year. The slide was even sharper in the small-cap as the S&P BSE SmallCap index fell around 7 per cent whereas the S&P BSE MidCap index slipped 3 per cent. The S&P BSE Sensex, on the other hand, advanced over 14 per cent during the period. That said, there were some outliers in the small-cap index which bucked the broader market trend and rewarded investors handsomely.
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