Smallcap Stocks Record Best Monthly Rally In 12 Years In April 2026 Post US-Iran War-Led Correction

India’s small-cap segment saw their biggest monthly rally in more than a decade in April 2026. The Nifty Smallcap 100 index surged 18.44 per cent during the month, its highest monthly gain since May 2014, when it had risen 22.38 per cent. Back then, the rally was driven by optimism after Prime Minister Narendra Modi-led alliance won its first national election.

The latest rebound has come as domestic investors returned to stocks that were heavily sold in March following the West Asia conflict. In March, the index had declined 10.20 per cent, its most precipitous monthly decline since February 2025.

This is a developing story...