Indian Small-Caps Rally 21% From March Lows to Enter Bull Market

India’s small-cap stocks are staging a sharp comeback, underscoring a revival in risk appetite among investors after months of steep losses.

The Nifty Smallcap 250 Index advanced almost 2% on Wednesday, extending its rebound from March lows to 21%. The measure entered the so-called bull market, becoming the first among country’s broader market segments to reach that milestone.