Smallcaps Soar 10-34% as Broader Indices Outperform in Truncated Week

• Over 50 smallcap stocks surged 10-34%, significantly outperforming the BSE Smallcap's 1% rise.
• Broader indices like BSE Sensex and Nifty50 recorded marginal gains in the truncated trading week.
• FIIs offloaded equities worth Rs 4,290.96 crore, while DIIs provided crucial support by buying Rs 12,024.49 crore.
• Nifty Defence, Metal, and Media sectors showed strong performance, while Nifty PSU Bank, IT, and Pharma declined.
• Market sentiment remains cautious ahead of the upcoming earnings season, with experts advising a 'buy-on-dips' strategy.

Why It Matters: Smallcaps led market gains, supported by DIIs, despite FII outflows and mixed sectoral trends.