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Mid and small cap shares show promising signs of recovery

The BSE Midcap and SmallCap indices have been rising for 11 out of 12 sessions, with the former rising by 4.3 percent and the latter gaining 5.3 percent in April. These gains mark the first month of positive performance after four months of losses.

The BSE Midcap and SmallCap had both suffered losses of around 7.4 percent and 9.3 percent, respectively, between the beginning of this year and the end of March. In 2022, while SmallCap rose by just 1.4 percent, Midcap saw a decline of nearly 1.1 percent.

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