Buzz in the market. Smallcap shares heading for biggest gain in five months

Nifty smallcap stocks rose for the sixth consecutive day on Monday. Monthly profit of small cap increased to 11.4 percent. The index is headed for its highest monthly gain since November 2023. Apart from Nifty Smallcap, Nifty Midcap stocks also remained on the rise for the sixth consecutive session. The index extended its gains in April to nearly six percent. This is the best monthly performance since December.

It is noteworthy that both these indices had declined in the month of March. Both indices fell on concerns of expensive valuations and a warning by market regulator Securities and Exchange Board of India (SEBI) about a “bubble” buildup. However, both the indices recovered their losses.