Nifty Smallcap 100 Index Hits Record High: A 14-Day Winning Streak and 30% YTD Gain

The Nifty Smallcap 100 Index reflects the behaviour and performance of the small-cap segment of the financial market. It comprises 100 tradable stocks listed on the National Stock Exchange (NSE), serving as a benchmark for the small-cap segment.

Record-Breaking Performance

On December 11, 2024, the Nifty Smallcap 100 Index reached a fresh all-time high, surpassing its previous peak of 19,640.60, set in September 2024. By 10:30 AM, it was up 0.44%, touching an intraday high of 19,686.65. Notably, this marks the 14th consecutive session of gains, reflecting a sharp recovery of 13% from the lows of November 18, 2024.

Outperformance in 2024

Year-to-date (YTD), the Nifty Smallcap 100 Index has soared 30% as of December 11, 2024, significantly outperforming the Nifty50 Index, which gained 13.5% over the same period. This stellar performance highlights the growing investor confidence in small-cap stocks during 2024.

Valuation Trends

The index’s price-to-earnings (PE) ratio stands at 36.3, nearing a 1-year and 2-year high and significantly above its 5-year average of 27.94. 

December Performance: A Historical Insight

In December 2024 (up to December 11), the index gained 5.50%, continuing its strong momentum. Historically, December has been a favourable month for the Nifty Smallcap Index, with only two instances of a decline since 2012—in 2022 and 2016. This trend reinforces December’s reputation as a month of robust performance for the small-cap segment.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.