Midcap Index Softens as Select Stocks Face Pressure

India’s Nifty Midcap 100 declined 0.32% to 60,081.60, with weakness in select stocks like Exide Industries contributing to the day’s underperformance.

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Midcap Index Softens as Select Stocks Face Pressure

Midcap Index Softens as Select Stocks Face Pressure
The NSE Nifty Midcap 100 Index slipped 0.32% to close at 60,081.60, reflecting mild profit-taking across several constituents. Stocks such as Exide Industries were among the notable drags during the session. Analysts observed that midcaps underperformed their large-cap counterparts as traders adjusted positions ahead of key macro announcements. 
Companies:
  • Exide Industries
Tags:
  • markets
  • midcaps