Nifty Midcap Select Drops 184 Points; Index Sheds 1.39% Amid Broad-Based Weakness
By Shishta Dutta | Published at: Jul 11, 2025 05:57 PM IST
Mumbai, July 11, 2025 — The Nifty Midcap Select index slipped 1.39% intraday, declining 184 points to 13,026 as of 3:30 PM IST, underperforming the broader Nifty 50, which was down 0.81%. The midcap segment saw only 3 advancing stocks against 22 declines, indicating widespread selling pressure.
Index Snapshot
| Metric | Value |
|---|---|
| Previous Close | 13,211.05 |
| Open | 13,190.00 |
| Day High | 13,204.40 |
| Day Low | 13,013.50 |
| Last Price | 13,026.00 |
| Change (pts) | -184 |
| Change (%) | -1.39% |
| 52-Week High | 13,537.80 |
| 52-Week Low | 5,520.25 |
| Traded Volume | 28.88 Cr units |
| Traded Value | ₹4,241 Cr |
Market Breadth: Declines Dominate
Only 3 constituents managed to stay in the green, with Cummins India, Dixon Technologies, and Voltas posting modest gains. In contrast, over 20 stocks traded lower, reflecting negative sentiment across sectors.
Top Gainers
Cummins India led the gainers’ list with a 0.60% rise, followed by Dixon Technologies at 0.16% and Voltas with a modest gain of 0.08%.
| Stock | Last Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| Cummins India | 3,540.00 | +21.10 | +0.60% |
| Dixon Tech | 15,875.00 | +26.00 | +0.16% |
| Voltas | 1,370.00 | +1.10 | +0.08% |
Top Losers
Policybazaar (PB Fintech) topped the list of losers with a 2.84% drop, followed closely by OFSS, which declined 2.64%. Max Healthcare fell 2.61%, while SRF and Bharat Forge slipped 2.04% and 1.85%, respectively.
| Stock | Last Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|
| Policybazaar (PB Fintech) | 1,780.00 | -52.10 | -2.84% |
| OFSS | 8,545.00 | -232.00 | -2.64% |
| Max Healthcare | 1,218.90 | -32.70 | -2.61% |
| SRF | 3,193.00 | -66.60 | -2.04% |
| Bharat Forge | 1,212.00 | -22.80 | -1.85% |
Sectoral View and Technical Outlook
The correction in midcaps comes as broader markets face selling pressure, with the Nifty 50 also in the red. Despite the intraday weakness, the Nifty Midcap Select is just 3.7% away from its 52-week high and has posted a 6.61% gain over the last year, indicating longer-term resilience. The recent 30-day trend, however, reflects minor consolidation with a 0.76% decline.
Market Context
At 3:30 PM IST, the broader Nifty 50 was down 205.4 points or 0.81%, trading at 25,149. The negative trend across large-cap and mid-cap indices signals cautious investor sentiment ahead of key earnings and macroeconomic data releases.
About Nifty Midcap Select Index
The Nifty Midcap Select Index is composed of quality midcap stocks across sectors such as pharmaceuticals, industrials, financials, and technology. It serves as a benchmark for mid-sized companies with strong fundamentals and liquidity and is widely tracked by mutual funds and institutional investors.
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