Midcap 100 Ends December With Modest Losses

2 Jan 2026 , 03:31 PM

Midcaps In December 2025 – -0.92%

In December 2025, the Nifty Midcap 100 index had a negative return of -0.92%, snapping the previous month’s gains amid broad-based market weakness. This was driven by a decline in IT, Consumer Discretionary and Healthcare stocks. On the other hand, Commodities emerged as the top performing sector. Market breadth weakened significantly, with only 37 stocks advancing and 63 declining, pushing the Advance-Decline Ratio down to 0.59.

Chart: Monthly Return Chart

Source: NSE

How was the market breadth: 37 advances, while 63 declines:

In Dec 2025, the market breadth was negative. 37 stocks advanced while 63 stocks declined. This was significantly worse than the previous month, with the advance-decline ratio falling from 0.72 to 0.59.

Table: Advances and Declines history

Month	Advances	Declines	Advance/Decline Ratio close
Dec-2025	37	63	0.59
Nov-2025	42	58	0.72
Oct-2025	79	21	3.76
Sep-2025	61	39	1.56
Aug-2025	32	68	0.47
Jul-2025	25	75	0.33
Jun-2025	67	33	2.03
May-2025	78	22	3.55
Apr-2025	73	27	2.7
Mar-2025	88	12	7.33
Feb-2025	3	97	0.03
Jan-2025	31	69	0.45

Source: NSE

Chart: Trends In ADR Ratio

Source: NSE

Commodities performs the best while Information Technology performs the worst:

Commodities was the best-performing sector in the latest month with a weighted return of 4.72%, driven by strong performances from stocks like Hindustan Zinc Ltd, National Aluminium Company Ltd, and NMDC Ltd. On the other hand, the worst-performing sector was Information Technology, which saw a decline of 4.88%. Key contributors to this downturn included Coforge Ltd, Tata Technologies Ltd, and Oracle Financial Services Software Ltd.

Table: Performance Across Sectors

Sector	Number Of Stocks	% Change (w. avg)	% Change (avg)
Commodities	9	4.72	6.65
Telecommunication	4	4.13	3.99
Energy	5	3.28	1.46
Utilities	4	0.59	-0.44
Industrials	16	0.56	-0.63
Fast Moving Consumer Goods	3	-0.42	-1.21
Financial Services	23	-1.08	-0.71
Services	2	-1.22	-0.47
Healthcare	7	-3.62	-2.07
Consumer Discretionary	20	-4.21	-3.36
Information Technology	7	-4.88	-4.0

Source: NSE

Chart: Sector Performance Heatmap Over the Past Year

Source: NSE

Top performers over a 1 Year Horizon:

Over the past year, the top performers were led by L&T Finance Ltd, Aditya Birla Capital Ltd, and Muthoot Finance Ltd with returns of 136.68%, 101.16%, and 80.62%, respectively. These stocks were primarily from the Financial Services sector.

Table: Top-15

Stock	Sector	% Change (1Y)
L&T Finance Ltd	Financial Services	136.68
Aditya Birla Capital Ltd	Financial Services	101.16
Muthoot Finance Ltd	Financial Services	80.62
AU Small Finance Bank Ltd	Financial Services	78.09
Ashok Leyland Ltd	Industrials	66.53
Indian Bank	Financial Services	62.03
FSN E-Commerce Ventures Ltd	Consumer Discretionary	61.91
UPL Ltd	Commodities	60.16
Mahindra Mahindra Financial Services Ltd	Financial Services	55.88
National Aluminium Company Ltd	Commodities	55.75
Max Financial Services Ltd	Financial Services	50.09
BSE Ltd	Financial Services	48.28
Bank of India	Financial Services	41.17
Hindustan Zinc Ltd	Commodities	40.68
SRF Ltd	Commodities	38.46

Source: NSE

Bottom performers over a 1 Year Horizon:

Over the past year, the bottom performers included Ola Electric Mobility Ltd, Premier Energies Ltd, and Oracle Financial Services Software Ltd with returns of -57.73%, -37.68%, and -37.01%, respectively. These stocks were primarily from the Consumer Discretionary and Industrials sectors.

Table: Bottom-15

Stock	Sector	% Change (1Y)
Ola Electric Mobility Ltd	Consumer Discretionary	-57.73
Premier Energies Ltd	Industrials	-37.68
Oracle Financial Services Software Ltd	Information Technology	-37.01
Kalyan Jewellers India Ltd	Consumer Discretionary	-36.47
Indian Renewable Energy Development Agency Ltd	Financial Services	-35.01
Dixon Technologies (India) Ltd	Consumer Discretionary	-32.5
Godrej Properties Ltd	Consumer Discretionary	-28.07
Supreme Industries Ltd	Industrials	-28.05
Oberoi Realty Ltd	Consumer Discretionary	-27.39
SJVN Ltd	Utilities	-27.27
Tube Investments of India Ltd	Consumer Discretionary	-26.82
Tata Technologies Ltd	Information Technology	-26.72
IRB Infrastructure Developers Ltd	Industrials	-26.16
NTPC Green Energy Ltd	Utilities	-25.66
Adani Total Gas Ltd	Energy	-25.51

Source: NSE

Stocks Near 52 Week Highs:

As of the end of last month, nearly 33 stocks were more than 20% away from their 52-week highs. Around 43 stocks were within 10% of their 52-week highs, with L&T Finance Ltd, Bank of Maharashtra, and IDFC First Bank Ltd being the closest.

Table: Stocks within 10% of 52 Week High

Stock	Sector	Last Close	52 Week High	vs 52 Week High (%)
L&T Finance Ltd	Financial Services	315.95	315.95	0.0
Bank of Maharashtra	Financial Services	62.05	62.05	0.0
IDFC First Bank Ltd	Financial Services	85.61	85.61	0.0
Ashok Leyland Ltd	Industrials	179.19	179.19	0.0
Phoenix Mills Ltd	Consumer Discretionary	1853.5	1853.5	0.0
Hindustan Petroleum Corporation Ltd	Energy	499.05	499.05	0.0
UPL Ltd	Commodities	795.15	795.15	0.0
Steel Authority of India Ltd	Commodities	146.99	146.99	0.0
Bharat Forge Ltd	Consumer Discretionary	1470.4	1470.4	0.0
APL Apollo Tubes Ltd	Industrials	1914.0	1914.2189	-0.01
AU Small Finance Bank Ltd	Financial Services	994.5	996.45	-0.2
NMDC Ltd	Commodities	83.17	83.41	-0.29
Mahindra Mahindra Financial Services Ltd	Financial Services	403.0	404.4	-0.35
National Aluminium Company Ltd	Commodities	314.3	316.6	-0.73
Federal Bank Ltd	Financial Services	267.1	269.15	-0.76
Muthoot Finance Ltd	Financial Services	3811.7	3856.4	-1.16
Bharat Heavy Electricals Ltd	Industrials	287.45	291.0	-1.22
Marico Ltd	Fast Moving Consumer Goods	750.6	760.7	-1.33
Union Bank of India	Financial Services	153.76	156.29	-1.62
Indus Towers Ltd	Telecommunication	418.75	425.75	-1.64
Aditya Birla Capital Ltd	Financial Services	357.7	364.05	-1.74
FSN E-Commerce Ventures Ltd	Consumer Discretionary	265.15	271.16	-2.22
Polycab India Ltd	Industrials	7619.0	7845.0	-2.88
Escorts Kubota Ltd	Industrials	3719.8	3847.8	-3.33
Bank of India	Financial Services	143.85	148.85	-3.36
Cummins India Ltd	Industrials	4434.4	4600.2	-3.6
GMR Airports Ltd	Services	104.37	108.35	-3.67
Max Financial Services Ltd	Financial Services	1671.8	1736.7	-3.74
Hindustan Zinc Ltd	Commodities	612.45	636.85	-3.83
Persistent Systems Ltd	Information Technology	6272.0	6570.0	-4.54
Alkem Laboratories Ltd	Healthcare	5506.5	5773.0	-4.62
One 97 Communications Ltd	Financial Services	1298.9	1367.8	-5.04
MRF Ltd	Consumer Discretionary	152855.0	162291.7958	-5.81
Indian Bank	Financial Services	837.25	890.15	-5.94
SRF Ltd	Commodities	3075.0	3281.2059	-6.28
Housing Urban Development Corporation Ltd	Financial Services	228.13	244.1001	-6.54
Biocon Ltd	Healthcare	393.9	421.6	-6.57
Tata Communications Ltd	Telecommunication	1825.3	1960.0	-6.87
Apollo Tyres Ltd	Consumer Discretionary	500.0	536.9	-6.87
Mphasis Ltd	Information Technology	2791.2	3000.6	-6.98
Bharti Hexacom Ltd	Telecommunication	1821.7	1973.7261	-7.7
Glenmark Pharmaceuticals Ltd	Healthcare	2035.2	2221.2516	-8.38
HDFC Asset Management Company Ltd	Financial Services	2672.2	2946.0	-9.29

Source: NSE

Chart: Distribution of stocks vs their 52-week highs

Source: NSE

Stocks Near 52 Week Lows:

As of the end of last month, nearly 58 stocks were more than 20% away from their 52-week lows. Only 12 stocks were within 5% of their 52-week lows, with Premier Energies Ltd, ACC Ltd, and Jubilant Foodworks Ltd being the closest.

Table: Stocks within 10% of 52 Week Low

Stock	Sector	Last Close	52 Week Low	vs 52 Week Low
Exide Industries Ltd	Consumer Discretionary	362.2	331.2636	9.34
Petronet LNG Ltd	Energy	284.1	260.2012	9.18
Indian Railway Catering Tourism Corporation Ltd	Consumer Discretionary	684.6	661.3	3.52
ACC Ltd	Commodities	1737.7	1725.2	0.72
Patanjali Foods Ltd	Fast Moving Consumer Goods	545.5	528.75	3.17
Container Corporation Of India Ltd	Services	524.95	495.05	6.04
Torrent Power Ltd	Utilities	1306.7	1200.0	8.89
Max Healthcare Institute Ltd	Healthcare	1045.1	963.1885	8.5
P I Industries Ltd	Commodities	3238.2	2979.7875	8.67
Mankind Pharma Ltd	Healthcare	2196.5	2106.0	4.3
NTPC Green Energy Ltd	Utilities	94.55	87.08	8.58
Suzlon Energy Ltd	Industrials	52.67	49.71	5.95
Aditya Birla Fashion Retail Ltd	Consumer Discretionary	76.78	72.47	5.95
Page Industries Ltd	Consumer Discretionary	36045.0	35565.0	1.35
Colgate-Palmolive (India) Ltd	Fast Moving Consumer Goods	2075.7	2053.4	1.09
Jubilant Foodworks Ltd	Consumer Discretionary	558.6	554.05	0.82
Adani Total Gas Ltd	Energy	566.7	546.9467	3.61
Tata Technologies Ltd	Information Technology	643.0	598.95	7.35
Godrej Properties Ltd	Consumer Discretionary	2004.4	1927.15	4.01
Tube Investments of India Ltd	Consumer Discretionary	2614.1	2460.8915	6.23
Supreme Industries Ltd	Industrials	3353.8	3094.1455	8.39
IRB Infrastructure Developers Ltd	Industrials	42.05	40.76	3.16
SJVN Ltd	Utilities	74.76	70.37	6.24
Dixon Technologies (India) Ltd	Consumer Discretionary	12102.0	11767.0	2.85
Indian Renewable Energy Development Agency Ltd	Financial Services	139.9	131.21	6.62

Source: NSE

Chart: Distribution of stocks vs their 52 week Low

Source: NSE