From Adani Wilmar to Canara Bank – here are top 10 Nifty midcap laggards of 2023, check full list here

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Midcaps in Review | From REC to Oil India, here are the top 10 midcap gainers of 2023; check full list In 2023, the Indian stock market started the year on a subdued note and experienced a downtrend in the first quarter. However, it witnessed a significant upturn from April onward. The Nifty 50, a leading index, surged to new highs, delivering year-to-date returns exceeding 18 percent.

Additionally, mid and small-cap segments outperformed, yielding returns of 40 percent and 50 percent, respectively. Nifty Midcap 150 represents the next 150 companies (companies ranked 101-250) based on full market capitalisation from Nifty 500. This index intends to measure the performance of mid market capitalisation companies.

The total traded value for the last six months ending September 2023, of all index constituents is approximately 21.1% of the traded value of all stocks on NSE, according to data by NSE. Also read: Smallcaps in Review | From BSE to Angel One, here are the top 10 smallcap gainers of 2023; check full list The Nifty50 midcap gained over 46.57 percent in 2023, far outperforming the blue-chip indexes despite valuation concerns. According to Bloomberg data, here are the top 10 midcap laggards of 2023 and the cumulative change in their share price during 2023: Also read: Outlook 2024: At 15% upside, Nifty 50 to claim 25,000 by Dec 2024? Here's why analysts are bullish on Indian markets Both Nifty Smallcap 250 and Nifty Midcap 150 indices have outperformed the other indices when compared on a three-month, six-month, and on an annual basis.