The Indian stock market, after being in a very narrow range and consolidating for the last few quarters, has witnessed the first signs of breaking away from the range over the last couple of months. Frontline indices such as Nifty and Sensex are up by almost 8 per cent from the start of the financial year. Nevertheless, Small-Cap stocks, which are often overshadowed by their larger and more prominent counterparts, have seen better a performance in the same period. Since the start of April 2023 we have witnessed the small-cap index outperforming both the Mid-Cap and Large-Cap indices.
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