Half the small, mid-cap stocks on indices run past Sensex

Analysts expect mid-cap and small-cap stocks to remain buoyant at least till the Budget presentation

After getting battered 12 per cent in one month following demonetisation, mid-cap and small-cap indices have staged a sharp recovery. BSE small-cap has gained 11.6 per cent and BSE mid-cap 10.6 per cent since December 26, 2016. By comparison, BSE Sensex, which had hit a low of 25,807 points on December 26, has advanced 5.6 per cent to 27,411 levels.

Between November 8 (when old Rs 500 and Rs 1,000 notes were banned) and December 26, mid-cap and small-cap indices lost 11.5 and 11.2 per cent, respectively, as against 6.5 per cent decline in the benchmark index.

Of 864 stocks