In past one month, the BSE Smallcap index outperformed the market by surging 9 per cent, as compared to 4.7 per cent gain in the Midcap and 0.53 per cent risen in the benchmark Sensex.
At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE
Higher earnings growth, lower costs, and valuations favour smaller companies
Continue to cede ground to family enterprises, private sector firms
All that happened in the markets today
Going ahead, most analysts expect the mid-and small-cap segments to continue doing well as compared to their large-cap peers, which they feel are now fairly valued
ICICI Securities, Reliance Nippon Life, Berger Paints, Whirlpool of India, IGL, AU Small Finance and Motilal Oswal Finance have rallied more than 40% from April 3, 2019 levels.
Market experts believe 2020 could be the comeback year for mid- and small-caps.
The smallcap index touched 11,951 levels, its lowest level since December 29, 2016, while the midcap index hit a low of 12,915, its lowest level since February 1, 2017
The BSE Midcap index, which was down 13.5 per cent in the first six months of 2018, has recovered nearly 4.5 per cent since then