- Nifty Midcap Performance:
- Strong investor interest has driven the Nifty Midcap index to outperform the benchmark Nifty 50 index, which is up nearly 4% for the week, above 23,300.
- On March 21, the Nifty Midcap index gained over 1%, reaching around 51,751, marking a fifth consecutive session of gains.
- The index has risen nearly 8% this week.
- Expert Insights:
- Sameet Chavan from Angel One expects the outperformance to continue, advising traders to maintain a positive bias toward the midcap space.
- Siddhartha Khemka from Motilal Oswal Financial Services predicts continued market recovery, driven by strong buying interest and positive global cues.
- Broader Market Strength:
- The rally in equities coincides with a rise in the Indian Rupee, which has gained for the eighth consecutive session, marking its longest gaining streak in 14 months.
