Sensex, Nifty set to gain for seventh straight year; smallcaps underperform

The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance

Small-cap stocks remained under pressure in calendar year 2022 (CY22) with their gauge on the NSE – the Nifty Smallcap 250 index – slipping 5 per cent during the year. On the other hand, the S&P BSE Smallcap index, too, underperformed with a fall of 4 per cent during this period, data show.

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This at a time when the frontline indexes – the S&P BSE Sensex and the Nifty50 – outperformed their global peers with a gain of around 3 per cent each during the year and hit a fresh