Nifty Midcap 100 hits record 62,113, surges 9% in a month vs Nifty 50
The Quick Take
- Nifty Midcap 100 touched a record high of 62,113 on May 8, extending a 5-session winning streak
- The index surged ~9% in one month, sharply outperforming the Nifty 50’s modest gain over the same period
- Strong earnings growth from mid-cap companies is cited as the primary driver of the outperformance
- Elevated valuations raise questions about rally sustainability; market watchers flag stretched multiples as a key risk
- Broader Indian market preference for mid-caps may
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