Broader markets gained sharply on Wednesday, with the Nifty Smallcap 250 index rising nearly 1% to hit a fresh 52-week high as analysts highlighted smallcap earnings’ outperformance and easing valuations.
The Nifty Smallcap 250 index rose to nearly 18,367, the highest level in nearly two years. The index is now close to its all-time high level of 18,688 which it had hit in September 2024. Nifty Smallcap 100 index also hit a fresh record high near 19,820.
