TL;DR — Midcap Highlights
- Nifty Midcap 100: all-time high 62,094.40 | Close: 62,003.15 (+1.10%)
- Smallcap 100: 18,695.65 (+0.87%)
- Top gainer: Paras Defence +9% | IdeaForge 20% upper circuit
- Bharat Forge +7% | Bajaj Auto +3% | Polycab +7%
- Advance-Decline ratio: 1.80 — strong broad-based buying
The broader market hit a landmark on Thursday May 7, 2026 — the Nifty Midcap 100 index reached a fresh all-time high of 62,094.40, first-ever cross of the 62,000 mark.
Key Index Numbers (Thursday May 7, 2026)
- Nifty Midcap 100 close: 62,003.15 — +676 points (+1.10%) — ALL-TIME HIGH close
- Intraday high: 62,094.40
- Nifty Smallcap 100: 18,695.65 — up 0.87%
- BSE Advance-Decline: 1.80 — strong positive breadth
Top Movers This Week
Paras Defence: +9% — optical and optronic systems for defence
IdeaForge Technology: 20% upper circuit — Q4 revenue 7x YoY to Rs 141 crore from Rs 20 crore; net profit Rs 60 crore vs Rs 26 crore loss
Bharat Forge: +7% on strong Q4 results
Bajaj Auto: +3% on Q4 profit +34% and Rs 5,633 crore buyback announcement
Polycab India: +7% hitting 52-week high Rs 8,940
Paytm: +8% on Q4 profit Rs 184 crore turnaround
Why Midcap Is Outperforming in 2026
- Defence earnings acceleration — multiple companies posting 20–40% earnings growth
- Valuation normalisation — after 2025 correction, midcap valuations near 10-year averages
- Strong SIP inflows — domestic mutual funds directing funds into midcap schemes
- Crude oil relief — Brent falling from $115+ peak reduces manufacturer cost pressure
Key Levels
- Support: 60,500–61,000
- Next target: 63,000–64,000 if momentum sustains
Not investment advice. Read our Disclaimer.
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This article is for informational and educational purposes only. It is not financial advice. All analysis and predictions are personal opinion and may be wrong or work in the opposite direction. DalalReport is not SEBI registered. Please do your own research and consult a SEBI-registered advisor before investing. We accept no liability for any financial loss arising from reliance on this content.
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