Indian equity benchmarks posted a strong performance on March 24, 2026, with broader market indices outperforming the frontline Nifty. Midcap and Smallcap segments saw robust buying interest, driving gains of 2.4% to 2.9%, while India VIX cooled sharply by 7.62% to 24.69, signalling reduced volatility.
Key Broader Market Indices Performance:
| Index | Last | % Chng | P/E | P/B | Div Yield |
|---|---|---|---|---|---|
| NIFTY 100 | 23,498.85 | +1.73 | 19.23 | 3.08 | 1.41 |
| NIFTY 200 | 12,833.30 | +1.90 | 20.53 | 3.19 | 1.32 |
| NIFTY 500 | 21,068.60 | +1.96 | 20.96 | 3.21 | 1.26 |
| NIFTY MIDCAP 100 | 54,099.50 | +2.62 | 29.33 | 3.83 | 0.89 |
| NIFTY SMALLCAP 100 | 15,503.60 | +2.68 | 26.90 | 3.26 | 0.79 |
| NIFTY MIDCAP 150 | 19,936.40 | +2.52 | 28.97 | 3.93 | 0.90 |
| NIFTY SMALLCAP 250 | 14,580.35 | +2.44 | 23.43 | 3.04 | 0.81 |
| NIFTY MIDSMALLCAP 400 | 17,947.35 | +2.50 | 26.83 | 3.58 | 0.87 |
| INDIA VIX | 24.69 | -7.62 | - | - | - |
Key Highlights:
- Midcap and Smallcap indices led the rally with gains of 2.4% to 2.9%, reflecting strong breadth in the broader market.
- Nifty 500 advanced nearly 2%, while Nifty Midcap 100 and Smallcap 100 rose 2.62% and 2.68% respectively.
- Valuations remained elevated in the midcap space (P/E around 29x), but strong participation suggested continued investor confidence in quality growth stocks.
- Sharp drop in India VIX indicated easing of near-term fear and improved market sentiment.
The broader market rally provided a positive backdrop even as several individual stocks faced pressure and touched yearly lows.
