A Bronze Bull Statue Stands at the Entrance to the Bombay Stock Exchange (BSE) Building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
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In the first quarter of the financial year 2016-2017, the Small Cap Index outperformed the Nifty 50 and the Nifty Mid Cap Index with a return of nearly 22%. This is the highest in past 7 quarters.
The index rally was led by banks, NBFCs, fertilisers and real estate stocks.
In fact, in the past seven quarters, the Small Cap Index has outperformed Nifty Mid Cap Index thrice and the Nifty 50 Index four times.
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