Nifty Midcap 150 Down By 0.80% As Midcaps See Some Selling Pressure
By Ankur Chandra | Updated at: Jun 16, 2025 02:49 PM IST
The Nifty Midcap 150 index declined in early trade Monday, falling 170.45 points or 0.80% to 21,262.60 as of 09:36 AM, amid broad-based weakness across sectors. With 128 stocks declining, the index reflected bearish sentiment prevailing in the broader market despite marginal gains in benchmark indices.
Market Snapshot: Nifty Midcap 150
| Index Level | Value |
|---|---|
| Open | 21,431.10 |
| Day High | 21,509.75 |
| Day Low | 21,262.60 |
| Previous Close | 21,433.05 |
| Current Level | 21,262.60 |
| Change | -170.45 pts |
| Percent Change | -0.80% |
| 52-Week High | 22,515.40 |
| 52-Week Low | 17,269.50 |
| Traded Volume | 19.02 Cr |
| Traded Value | ₹33,488.24 Cr |
Market Breadth
The advance-decline ratio heavily favored declines with 128 stocks in the red, only 22 gaining, and 1 stock unchanged, a signal of significant midcap sector pressure.
Top Gainers from Nifty Midcap 150
| Stock | Last Price (₹) | Change (₹) | % Change |
|---|---|---|---|
| PI Industries | 4,091.00 | +118.40 | +2.98% |
| Gland Pharma | 1,728.10 | +38.40 | +2.27% |
| Oil India | 484.50 | +6.75 | +1.41% |
| Max Financial | 1,545.20 | +19.20 | +1.26% |
| Endurance Tech | 2,430.60 | +29.50 | +1.23% |
Select midcap stocks posted notable gains in early trade on Monday, with PI Industries leading the Nifty Midcap 150 pack, rising nearly 3% to ₹4,091. Gland Pharma followed with a 2.27% gain, while Oil India, Max Financial, and Endurance Technologies also saw steady buying interest, each advancing over 1%. The upbeat movement in these counters suggests selective accumulation in the midcap segment despite broader market caution.
Broader Market Context
While the Nifty 50 was marginally up by 0.13%, the midcap segment faced increased selling pressure amid concerns over valuation sustainability in select stocks. The Nifty Midcap 150 had gained 3.55% over the past year and 2.26% in the last 30 days, but is now trailing 5.56% below its 52-week high, indicating a cautious investor stance.
Outlook
With global markets showing mixed cues and domestic valuations at elevated levels, profit booking in midcaps could continue unless a fresh trigger revives risk appetite. Analysts suggest staying selective in midcap picks amid ongoing volatility.
More updates to follow as the session progresses.
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