Mid‑ and Small‑Cap Indices Rise While Large‑Cap Lags, Global Markets Mixed

Mid‑cap and small‑cap stocks led the day’s rally, eclipsing the performance of large‑cap stocks. The Nifty Mid‑Cap 100 surged 221 points (0.36%) to 61,096, and the Nifty Small‑Cap 100 jumped 88 points (0.46%) to 19,478. In contrast, the broader Sensex and Nifty indices moved only marginally. Internationally, Asian markets presented a mixed picture: Tokyo, Bangkok, Jakarta and Seoul posted gains, while Shanghai and Hong Kong slipped. In the United States, equity indices closed lower after the Federal Reserve signaled a 25‑basis‑point rate hike, a move widely anticipated amid stubborn inflation and a tight labour market.