New Delhi, Oct 25
The broadcap indices outperformed major benchmarks in the volatile festival-truncated week, as the BSE Midcap and Smallcap indices rose by 0.5 per cent and 1 per cent.
Broadcap indices, or broad market indices, are benchmarks that track the performance of a wide range of companies to represent the overall financial market or a significant segment of it.
The surge was driven by foreign institutional inflows and largely positive Q2 earnings, according to analysts.
As many as 41 small-cap stocks gained between 10 and 36 per cent during the week and nearly 16 small-cap stocks logged returns above 15 per cent.
During the week, the BSE Sensex rose 0.30 per cent or 259 points, and closed at 84,211. The Nifty50 rose 0.33 per cent or 85.3 points, and closed at 25,795. Both indices have, however, gained nearly 5 per cent in October.