Midcap index hits fresh high as smallcap stocks outperform

Telecom, power, capital goods, and PSU banks saw solid gains (up 2% to 3%), but FMCG and oil and gas dropped by 1% to 1.5%.
DIIs were busy buying with over ₹25,800 crore invested this week, while FIIs pulled out nearly ₹23,700 crore, with around ₹21,000 crore of that on Friday due to MSCI rebalancing.
Lower crude prices and a stronger rupee helped keep the broader rally going despite worries about monsoon forecasts.