Midcap Stocks Extend Gains on Strong Domestic Liquidity

Momentum remained strong in India’s midcap index as domestic institutional investors continued rotating into growth-oriented sectors such as manufacturing, chemicals and industrial services. Improving order books and stable margins supported the rally despite valuation concerns.  Robust SIP driven flows into equity funds, helping offset global risk aversion. Market breadth stayed positive as several mid tier firms reported sequential improvements in revenue visibility.