Nifty Midcap 100 hits record high, surges 9% in a month to outperform Nifty 50; can the rally sustain?

On May 8, the Nifty Midcap 100 hit a new high of 62,113, extending its winning streak to five sessions. Strong earnings growth from mid-cap stocks contrasts with the Nifty 50’s modest gain, highlighting market preference for broader indices amid elevated valuations.