Why Mid-Cap Index Discount To Nifty 50 Is At Its Highest This Year

Investors had bet on a rebound in mid caps after Prime Minister Narendra Modi’s return to power. But halfway through the year, stocks from the category still lag their larger peers.The NSE’s Nifty Midcap 100 Index is trading at a 10 percent discount to the Nifty 50 Index so far this year compared with the 2019 daily average of 6.8 percent. A higher weight of laggard sectors, a decline in investments by domestic institutions and debt ...