Mid-Cap & Small-cap indices have staged a sharp recovery since demonetization. The BSE Small-cap index has gained 11.8 percent, and the BSE mid-cap index has gained 11 percent since December 26, 2016. The BSE Sensex, which had hit a low of 25,807 points on December 26, has advanced 6.2 percent to 27,411 levels since then.
Between November 8 (when demonetization was triggered) and December 26, the BSE Mid-cap and Small-cap indices lost 11.5% and 11.2% respectively. However, it is expected that both Mid-Cap and small-cap stocks to remain upbeat at least till the Budget presentation.