Midcap, Smallcap indices outshine Nifty 50 in 2026 so far; experts bet on stronger earnings growth

The Nifty Midcap 100 and Nifty Smallcap 100 have outperformed the benchmark Nifty 50 on a YTD basis in 2026, gaining approximately 3.89% and 9.48% respectively, while the Nifty 50 has declined 7.59%. Experts expect mid-cap and small-cap companies to deliver stronger earnings growth than large-caps in Q1FY27, supported by healthier operating leverage and business expansion. Technically, the Nifty Midcap 100 faces resistance in the 63,100-63,200 zone, while the Smallcap 100 is consolidating within the 19,115-19,471 range, with both trends remaining positive above their key moving averages.