Nifty Midcap 100 Hits Fresh All-Time High Of 63,869 Even As Sensex, Nifty Slip On Fresh US Strikes On Iran
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The Nifty Midcap 100 touched a fresh all-time high of 63,869.40 on Monday even as the Sensex and Nifty slipped after fresh US strikes on Iran, with the midcap index holding up despite heavy FPI selling
The Nifty Midcap 100 hit a fresh all-time high of 63,869.40 on Monday, August 17, even as the benchmark indices traded lower after fresh US strikes on Iran. The index was up 0.14% at 1:12 pm, while the Sensex and Nifty were both in the red.
At 1:12 pm, the Nifty Midcap 100 was at 63,869.40, up 87.25 points. The Sensex was down 123.88 points, or 0.16%, at 77,885.37, while the Nifty fell 12.50 points, or 0.05%, to 24,353.50.
The midcap index has gained 18.3% in the current financial year. In comparison, the Sensex is still 11.4% below its record high and the Nifty is 9.2% below its peak. The Nifty Smallcap 100 is 7.2% below its all-time high.
The midcap rally has also held up despite heavy foreign selling. Foreign portfolio investors have sold Indian equities worth Rs 2.3 trillion on a net basis so far in 2026. The total market capitalisation of BSE-listed companies stood at Rs 468.7 trillion, up Rs 17,444 crore.
Why Midcap Stocks Are Holding Up
Market experts have attributed the midcap segment's performance partly to its wider sectoral spread. The index covers companies from different parts of the economy, giving investors more options across individual stocks and themes.
Midcaps have also been less affected by FPI selling than large-cap stocks. That has helped the segment stay firm even with pressure on the broader market.
The contrast was visible in Monday's trade. While the Sensex and Nifty slipped, the Nifty Midcap 100 moved to a new record.
US-Iran Conflict Puts Crude Oil In Focus
The fresh US strikes on Iran have added another risk for Indian companies through crude oil prices. A prolonged conflict could push up oil prices and increase fuel, transportation and other input costs.
Higher costs could put pressure on margins, particularly for companies where fuel and raw materials form a significant part of expenses. The extent of the impact will also depend on whether businesses are able to pass higher costs on to customers.
Any further escalation in the conflict could therefore weigh on market sentiment and risk appetite. For the midcap segment, the impact is likely to differ across sectors depending on their exposure to crude, imports and transportation costs.
The Nifty Midcap 100, however, continued to outperform the benchmarks on Monday, reaching a fresh record even as the Sensex and Nifty remained under pressure.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto is a business journalist with 8+ years of experience in financial journalism. She covers equity markets, corporate earnings, IPOs, commodities and the economy.
As a reporter with leading business publications, she has tracked financial markets and covered sectors including banking and financial services, retail, consumer goods, advertising and e-commerce.
Outside work, she enjoys travelling, discovering local cultures and spending time in nature.
