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Nifty Smallcap 100 index reaches all-time high, Nifty 50 and Sensex also climb. Global cues and oil price fall boost Indian equities. Small-cap stocks recover in April post regulatory scrutiny. In the current month so far, the index has rallied 9.8%.
Year-to-date, Nifty 50 has surged by 4.70%, with 20 or 40% of its constituents delivering double-digit returns thus far. Leading the gains is BPCL, with an impressive increase of 34.20%, followed by ONGC, Bajaj Auto, Adani Ports and SEZ, and Tata Motors, all boasting returns of over 30%.
Indian benchmark indices hit a new record high for the second straight session, fueled by strength from robust microdata and institutional buyers. Nifty 50 reached 22,768 points, marking a new record high, reflecting sustained momentum and investor confidence.
The Nifty 50 has given more than 18% returns so far in 2023, whereas Nifty Bank has given 11% returns and Nifty Financial Services 12% returns.