Santosh Meena, head of research at Swastika Investmart Ltd., noted that one of the key highlights of the year has been the strong domestic liquidity, supported by record inflows into the mutual fund industry. He observed that despite the selling pressure from foreign institutional investors, Indian equity markets achieved record highs, delivering solid gains. Meena also highlighted that the midcap and smallcap indices performed particularly well, with several stocks turning into multibaggers and offering substantial rewards to retail investors.