Indian Small Caps Set for Best Month Since 2014 After Rare Rally
The National Stock Exchange building in Mumbai.
Photographer: Dhiraj Singh/BloombergIndia’s small-cap stocks are on track for their best month in 12 years, as improved earnings outlook and more attractive valuations draw investors back.
The Nifty Smallcap 100 Index has surged more than 18% in April, a feat that was achieved only twice in data going back to 2004. In contrast, the broader benchmark has advanced about 7% this month.