Mid, small caps see big surge after a year of sharp underperformance

Nifty Smallcap 100, Midcap 100 rally 3.9%, 2.4%

Shares in the small- and mid-cap segments were on fire on Tuesday, with one of the gauges posting its biggest single-day jump in nearly five months. The Nifty Smallcap 100 soared 3.9 per cent, the most since October 10, while the Nifty Midcap 100 rose 2.4 per cent, the highest since December 12. In comparison, the benchmark Nifty50 gained 1.1 per cent to close at 10,987. The Sensex rallied 379 points, or 1.05 per cent, to close at 36,442.

Experts said investors lapped up shares in the broader market, where valuations had turned attractive after a year of sharp underperformance. Easing