Small, Mid-Cap Indices Extend Gains, Outperform Sensex, Nifty 50 - Know Why

Stock Market Today: The Sensex and the Nifty rebounded in trade on July 15, 2025, snapping a four-session losing streak. The Sensex closed at 82,570.91 points, gaining 317.45 points or 0.39 per cent. On the other hand, the Nifty at 25,195.80 points, up by 113.50 points or 0.45 per cent. Incidentally, the Nifty SmallCap 100 and the Nifty MidCap 100 have outperformed the benchmark Nifty in the last two sessions.

Nifty MidCap and Nifty SmallCap Rally

In the last two sessions, the Nifty has gained 0.083 per cent as it rose from 25,149 levels on July 11 to close at 25,170 on July 15. In the same time period, the Nifty SmallCap 100 has gained 2 per cent, rising from 18,763 levels to 19,140.20 levels today. On July 15, the Nifty MidCap 100 index closed at 59,612.65 points, up 1.65 per cent compared to its closing level of 58642.20 on July 11.

In today’s trade, shares of Patanjali, HDFC Asset Management Company, and Tata Elxsi emerged as the top-gainers among Nifty MidCap 100 stocks, closing higher by up to 3.90per cent. Patanjali emerged as the top gainer. The company’s shares gained nearly 5 per cent to trade at an intra-day high of Rs 1,747.30 apiece on the NSE. Index heavyweights, such as BSE, Max Healthcare Institute, Suzlon Energy and Persistent Systems also gained up to 3.71 per cent.

Shares of Swan Energy, Crompton Greaves Consumer Electricals, Neuland Laboratories and Anant Raj emerged as top gainers among Nifty SmallCap 100 stocks, as they closed higher by up to 10.88 per cent on the NSE. Shares of Swan Energy emerged as the top-gainer among Nifty SmallCap 100 stocks. Earlier today, the stock surged nearly 14 per cent to an intra-day high of Rs 513.9 apiece on the NSE. Top constituents of the index in terms of weightage, such as the Multi Commodity Exchange of India, Central Depository Services (India), Laurus Labs and Crompton closed up to 3.94 per cent higher.

Why Are Small and MidCap Indices Gaining

The rally seen in small-cap and mid-cap indices comes amid strong buying interest in select stocks in the small and midcap space. The market also gained support from strong domestic and global cues. On the domestic front, an easing in retail inflation contributed to the strengthening of investor sentiments. Notably, retail inflation for the month of June declined to 2.10 per cent, the lowest it has been since 2019. Remaining within the Reserve Bank of India's (RBI’s) comfort range of up to 4 per cent. Notably, this has raised expectations regarding further rate cuts in the near term, adding to the bullish sentiment in the equity markets.

On the global front, several triggers, such as the gains made by US market indices also supported investor sentiment on July 15. The India VIX index also closed lower at 11.48 levels, down by 4.17 per cent, indicating a decrease in volatility.