Nifty Midcap 100 index hits record high: What is driving the rally in these stocks?
The Nifty Midcap 100 index is up 4.78% YTD, while it has rallied nearly 7% in the last one month, outperforming the benchmark Nifty50 index that gained 1.5% YTD and 3.07% in one month period.
The Nifty Midcap 100 index gained over a percent Tuesday to hit a record high led by strong gains in midcap counters. The index hit a high of 33,044.80 against the previous close of 32,709.40. A total of 79 stocks in the index witnessed gains, while 21 stocks fell.
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