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Domestic investors propel Indian midcaps higher amid foreign portfolio outflows
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Strong domestic buying drove Indian midcaps higher, lifting the Sensex and Nifty close to record levels despite persistent foreign investor selling pressure.
India’s midcap and smallcap indices advanced sharply today as local mutual funds and retail investors stepped in to absorb foreign portfolio outflows. The Sensex and Nifty closed near record levels, supported by gains in financials, auto, and industrial sectors. Analysts noted that improving quarterly earnings and festive-season demand lifted market breadth, offsetting selling pressure from overseas funds. The broader rally reflects strong domestic liquidity and confidence in India’s growth story, positioning midcaps as key outperformers in the near term.