Broader indices outperform; 66 smallcap stocks rally 10–33%

The broader market indices outperformed and continued their upward momentum for the second straight week ending August 22. The BSE Small-cap and Mid-cap indices advanced by 2 percent each, while the BSE Large-cap index gained 1 percent.

During the week, the BSE Sensex climbed 709.19 points, or 0.87 percent, to close at 81,306.85, while the Nifty50 rose 238.8 points, or 0.96 percent, to settle at 24,870.10.

Although the pace of Foreign Institutional Investor (FII) selling slowed, they remained net sellers for the eighth consecutive week, offloading equities worth ₹1,559.51 crore. In contrast, Domestic Institutional Investors (DII) continued their buying spree for the 18th straight week, purchasing equities worth ₹10,388.23 crore.

So far in August, FIIs have sold equities worth ₹25,751.02 crore, while DIIs have bought equities totaling ₹66,183.51 crore.