On March 19, midcap stocks saw a strong surge, pushing the Nifty Midcap index up by over 2.5% to around 50,771—the biggest intraday jump since June 5, 2024. Back then, the index had spiked 4.3% after a steep fall following the Lok Sabha election results.
Leading the rally, Cochin Shipyard soared over 9% to ₹1,467, as defence stocks gained momentum, driving the Nifty India Defence index up nearly 6%. PB Fintech and RVNL also rose over 7%, while Max Healthcare, Vodafone Idea, BDL, and BSE saw 6% gains each.
Other midcap performers included Prestige Estates, HUDCO, Bank of India, Polycab, Suzlon Energy, HDFC AMC, Tata Technologies, Paytm, IREDA, SAIL, Yes Bank, and Bharat Forge, all rising over 3%.
The small-cap segment also performed well, with the Nifty Smallcap index climbing 2% to around 15,733. RITES led the pack, jumping nearly 9% to ₹231, followed by gains in IRCON, BEML, and SW Solar.
Experts suggest a “buy on dips” approach while staying selective. A bullish reversal breakout pattern in the MIDCAP Select index hints at renewed optimism, potentially driving further market gains.
