New Delhi, May 25 -- Indian equity markets' performance has been muted in the last one month as external factors like crude and currency have raised uncertainty on domestic fiscal and corporate earnings. Despite the deep depreciation of the Indian rupee and the stock performance compared to other countries like China, India continues to demonstrate relative resilience, navigating this complex environment, which is marked by extended geopolitical tensions and inflationary concerns.

Amidst the uncertainties, Indian mid- and small-cap indices have delivered a standout performance in the last two months. The Nifty Smallcap 100 has surged over 20% from its March 2026 lows. The Nifty Midcap 100 has climbed nearly 15%, touching fresh highs in M...