Smallcaps slow down during September quarter, trail benchmarks

Nifty Smallcap 100 indices gaining 11.9% after rising over 20% in the preceding quarter

The large cap-focused indices delivered their best quarterly gains since the December 2020 quarter. The Nifty and the Sensex rose 12.1 per cent and 12.7 per cent respectively. However, the broader markets underperformed with the Nifty Smallcap 100 indices gaining 11.9 per cent, after rising more than 20 per cent in the preceding quarter.

The Midcap 100 index gained in line with the Sensex after rising 14 per cent in the previous quarter. Meanwhile, India was the best-performing major market globally followed by Indonesia and New Zealand, which rose about 5 per cent each. Hong Kong and Brazil were