The Nifty Midcap 100 index has plunged to a 7-month low, declining 1.08% to ₹11,595.05 as of 10:53 AM on January 28, 2025. The index opened at ₹11,747.75, reached an intraday high of ₹11,790.80, and dropped to a low of ₹11,562.25, reflecting persistent selling pressure in the broader market.
The Midcap segment has been witnessing sustained weakness in recent sessions, with investors booking profits amid global uncertainty and sectoral headwinds. The previous close for the index was ₹11,722.20, indicating a sharp downside movement today.
Analysts suggest that concerns over valuations, global market cues, and upcoming economic events could be contributing to the bearish sentiment in midcap stocks. Market participants will be closely monitoring earnings season developments and macroeconomic indicators for further cues.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
