As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the 2023-24 fiscal, while the small-cap index climbed 16,068.99 points or 59.60 per cent. In comparison, the 30-share BSE Sensex raked in a gain of 14,659.83 points or 24.85 per cent during the fiscal under review.
The BSE mid-cap and small-cap stocks have outperformed the benchmark Sensex in 2023-24 with about 62 per cent returns, reflecting buoyant investors sentiment amid robust macroeconomic conditions in the country and impressive quarterly earnings reported by various firms.
As per an analysis, the BSE mid-cap gauge jumped 15,013.95 points or 62.38 per cent in the 2023-24 fiscal, while the small-cap index climbed 16,068.99 points or 59.60 per cent.
In comparison, the 30-share BSE Sensex raked in a gain of 14,659.83 points or 24.85 per cent during the fiscal under review.
In the T+0 settlement system trades in shares are settled on the same day. This means shares will quickly transferred to the buyer's account while funds are swiftly deposited in the seller's account.
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings.
After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors.
The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
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