Smallcap stocks have staged a sharp recovery from their March lows, with the Nifty Smallcap Index rebounding 24% from the March 23, 2026 intraday low of 14,986, to an intraday high of 18,565 on May 6. 96 of the 100 stocks in the index have delivered positive returns since the March lows, with two stocks gaining more than 50%. Despite the rebound, the index trades 7% below its record high.
