Midcap and smallcap indices edge higher as broader market sentiment improves

India’s broader market indices recorded modest gains, with the Nifty Midcap 100 closing 0.22% higher at 61,035.95 and the BSE SmallCap index rising 0.24%. The uptrend was supported by broad-based buying across key sectors including capital goods, consumer discretionary, and select manufacturing stocks. Analysts noted improved risk appetite among investors as stable domestic macro indicators and strong corporate earnings continue to support participation outside large caps. The sustained inflows into mid and smallcap-oriented mutual fund schemes further contributed to the segment’s resilience.

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