Driven by a rush of liquidity, euphoria on economic reforms and low interest rates, both benchmark indices gained in the first half of 2017. Broader markets outperformed, with the BSE Midcap index rising 21.7% and the BSE Smallcap index rising 27.9% in the first half of 2017. The BSE Healthcare index fell 3.65% and BSE IT index shed 3.3% in the period. The BSE Auto index and the BSE Bankex rallied 15.6% and 26.6%, respectively, while the BSE Realty index jumped 61.7% in the first half of 2017. The MSCI Emerging Markets index surged 17.5% in January-June after gaining 5% in the same period last year.

Source: Mint July 03, 2017 08:48 UTC