Mid, smallcap indices register negative return for 2nd consecutive year

In CY18, the midcap and smallcap indices had tanked 13 per cent and 24 per cent

The S&P BSE Sensex and the Nifty50 surpassed the broader market in the calendar year 2019 (CY19) for the second straight year by registering a double-digit returns on the back of strong fund flow from foreign investors in the large-cap stocks.

The S&P BSE Sensex (up 15 per cent) and Nifty50 (up 13 per cent) in CY19 posted their second best performance in the last five calendar years, led by heavyweight stocks. Earlier, in CY17, the benchmark indices had surged in the range of 28 per cent and 29 per cent, respectively.

However, the BSE Midcap and SmallCap indices have