In FY17, small and midcap indices record second-best performance in 7 years

Inflows of more than Rs 1 lakh cr by FPIs and domestic mutual funds led the rally

Several stocks and indices, including the Nifty, and the small-cap and mid-cap index, climbed to record highs in 2016-17 (the financial year ended on Friday), on hopes of a turnaround in the economy and earnings.
 
The benchmark Nifty on the National Stock Exchange and the Sensex on the BSE rose 19 per cent and 17 per cent, respectively, aided by strong domestic and foreign inflows.
 
The broader market outpaced the benchmarks. On the BSE, the S&P small-cap index surged 37 per cent and the mid-cap one by 33 per cent. It was the second-best performance for these indices