Don't press the panic button yet in midcaps, say analysts

Despite the recent fall, the NiftyMidcap100 index has outperformed by gaining 20% thus far in CY17

Nifty Midcap 100 index hit two-month low of 17,039 on the National Stock Exchange (NSE) in intra-day trade on Tuesday, after a sharp decline in stocks like Jubilant FoodWorks, Power Finance Corporation and Rural Electrification Corporation. The index is at its lowest level since March 30, 2017.

At 10:23 am; the Nifty Midcap 100 index that was trading at 17,166 levels, has underperformed the market, falling 7.2% from its all-time high closing level of 18,948 on May 16, 2017. By comparison, the Nifty 50 index has gained nearly 1% during the period.

"I think it is a normal unwinding by the investors.