MUMBAI: BSE mid and smallcap indices ended a three-week losing streak, even as Indian benchmark indices also broke a six-week losing pattern -- gaining 1 per cent this week.
The BSE midcap indices increased by 1 per cent, while the BSE small-cap index rose by 0.4 per cent for the week.
Over 20 major small-cap and mid-cap stocks saw gains ranging from 9.85 per cent to 54.96 per cent, with most clustering between 10-20 per cent.
The weekly gains follow positive inflation data from the US and India, in-line earnings, rupee appreciation and falling oil prices.
As the June quarter (Q1 FY26) earnings are out, the revenue moderation took average net profit expansion YoY for the benchmark Nifty 50 companies (excluding financials and oil and gas) to mid-single digits.
On the earnings front, though, the Nifty50 Q1 FY26 earnings were in line with the market estimates. The overall trend was mixed during the quarter, as the revival expected from urban demand is yet to gather momentum, according to analysts.
Most sectoral indices were in positive territory for the week, with the Pharma and Healthcare indices leading the gains, both rising over 3 per cent. Profit booking occurred in select FMCG, pharmaceutical, and consumer durable stocks.