The latest session, held on November 8, 2026, underlined the pattern. The Nifty50 slipped 0.2 per cent and Midcaps rose 0.1 per cent, but Smallcaps gained 1 per cent. That 1.2 percentage point gap over the Nifty is the widest in the 11-year record. In 2025, all three indices had a muted session, yet Smallcaps still led with a 0.5 per cent gain against 0.1 per cent for both others.