Broader Indices Underperform, But Some Smallcaps Gain Over 10% Amid Volatility

• Broader indices underperformed, with Sensex and Nifty falling slightly despite touching record highs, while Midcap and Smallcap indices also declined.
• Factors contributing to volatility included consistent FII selling, rupee depreciation, and trade deal uncertainty, though RBI's rate cut later spurred recovery.
• FIIs sold Rs 10,403.62 crore in equities, while DIIs bought Rs 19,785.5 crore, indicating contrasting institutional activity.
• Despite overall smallcap index decline, specific smallcap stocks like Nectar Lifesciences and Birlasoft gained 12-23%.
• Experts maintain a cautiously positive short-term outlook, with Nifty potentially heading towards 26,300/26,440, supported by RBI's dovish action.

Why It Matters: It helps investors understand market volatility and identify potential investment areas.