positive
Recently
Midcaps rebound 2% from session low as buyers return to broader market
Nifty Midcap index rose 2 % from its day’s low as broad-based buying and retail participation drove recovery in capital-goods and auto names.
Broader Indian equity indices outperformed on November 11 with the Nifty Midcap 100 rising nearly 2 % from intraday lows, led by renewed interest in capital goods, auto ancillaries, and financial mid-caps. Improved domestic liquidity and strong retail participation aided the reversal after early weakness. Market breadth turned positive with advances outnumbering declines 3:1, signalling selective accumulation in quality mid-tier names. Analysts observed stable earnings visibility and robust Q2 commentary supporting valuation resilience. The outperformance underscores investors’ preference for mid-cap growth themes over defensive large-caps during periods of index consolidation.