Nifty MidSmallcap 400: Share Price, Chart, Stocks List & Overview
The Nifty MidSmallcap 400 Index is a broad-market benchmark designed to track the performance of mid-cap and small-cap companies listed on the National Stock Exchange (NSE). The index combines the constituents of the Nifty Midcap 150 and Nifty Smallcap 250, providing exposure to 400 companies across a wide range of industries.
The index represents a broad segment of India's mid- and small-cap market and can be used to assess the performance of companies beyond the large-cap segment. It captures businesses across financial services, capital goods, healthcare, automobiles, chemicals, consumer services, information technology, and several other sectors.
The Nifty MidSmallcap 400 can be useful for investors and researchers looking to understand mid- and small-cap market trends, compare segment performance, track constituent stocks, and study the broader opportunity set beyond the Nifty 50 and other large-cap benchmarks. NSE Indices states that the index represented about 27.10% of the free-float market capitalisation of stocks listed on NSE as of March 30, 2026.
What is the Nifty MidSmallcap 400 Index?
The Nifty MidSmallcap 400 Index measures the performance of 400 companies comprising the Nifty Midcap 150 and Nifty Smallcap 250 indices. It is designed to represent the behaviour and performance of mid- and small-market-capitalisation companies.
Index Purpose and Strategy
The index provides broad exposure to India's mid- and small-cap segments while covering companies from multiple industries.
- Mid-Cap Exposure: The index includes companies forming part of the Nifty Midcap 150.
- Small-Cap Exposure: The benchmark also includes companies from the Nifty Smallcap 250.
- Broad Industry Coverage: Constituents operate across financial services, capital goods, healthcare, automobiles, technology, consumer sectors, and other industries.
- Market Segment Tracking: The index helps investors track the performance of companies outside the large-cap segment.
- Benchmarking Utility: The index can be used for benchmarking portfolios and as a basis for index funds, ETFs, and structured products.
Key Characteristics of the Nifty MidSmallcap 400
The Nifty MidSmallcap 400 provides a broader representation of India's mid- and small-cap universe than indices focused on a single sector or market-cap segment.
- 400 Constituents: The index comprises 400 stocks, combining 150 mid-cap and 250 small-cap companies.
- Free-Float Market Capitalisation: Constituent weights are calculated using the free-float market capitalisation methodology.
- Diversified Sector Exposure: The index covers companies from numerous sectors rather than concentrating on a particular industry.
- Growth-Oriented Market Segment: Mid- and small-cap companies can offer higher growth potential but may also experience greater volatility than large-cap companies.
- Semi-Annual Rebalancing: The index is reviewed and rebalanced on a semi-annual basis alongside the Nifty Midcap 150 and Nifty Smallcap 250.
Why Mid and Small Cap Stocks Are in Focus
Mid- and small-cap companies form an important part of India's listed equity market. These businesses can benefit from domestic economic expansion, increasing formalisation, capital expenditure, consumption growth, financial inclusion, and sector-specific opportunities.
Key Growth Drivers
Several factors can influence the long-term performance of companies represented in the Nifty MidSmallcap 400.
- Economic Expansion: Rising economic activity can support revenue and earnings growth across a broad range of mid- and small-cap businesses.
- Domestic Consumption: Increasing household income, urbanisation, and consumption can benefit companies operating in consumer-facing industries.
- Infrastructure and Capital Expenditure: Government and private-sector investment can create opportunities for companies involved in capital goods, construction, manufacturing, and related industries.
- Financial Inclusion: Expanding access to banking, insurance, lending, and other financial services can support growth among financial-sector constituents.
- Business Formalisation: The shift towards organised businesses can create opportunities for listed companies across several industries.
- Innovation and New Businesses: Emerging companies can benefit from technology adoption, new business models, and changing consumer behaviour.
Investors tracking mid- and small-cap performance can also compare the segment with broader NSE benchmarks to understand whether market momentum is concentrated in large-cap or broader market stocks.
Why Investors Track Nifty MidSmallcap 400 Share Price
Tracking the Nifty MidSmallcap 400 share price helps investors understand the direction of India's mid- and small-cap market segment.
Market Segment Analysis
The index provides a broad view of how companies outside the large-cap universe are performing.
- Mid and Small Cap Performance: The index reflects the combined performance of companies across both market-cap segments.
- Broad Market Participation: Movements in the index can indicate whether market gains or declines are extending beyond large-cap stocks.
- Sector Diversification: Multiple industries contribute to index performance, reducing dependence on a single sector.
- Growth Opportunity Tracking: The index provides a way to monitor companies that may be in different stages of business expansion.
Research Benefits
The index can support several types of market and investment analysis.
- Broader Market Tracking: Investors can use the index to assess market performance beyond the Nifty 50.
- Portfolio Benchmarking: The index can serve as a reference point for portfolios focused on mid- and small-cap companies.
- Market Breadth Analysis: Comparing the index with large-cap benchmarks can provide insight into the breadth of market participation.
- Sector Rotation Analysis: Changes in sector contributions can help researchers understand which industries are driving mid- and small-cap performance.
Compare the Nifty MidSmallcap 400 with the Nifty 50 to assess whether mid- and small-cap stocks are outperforming or underperforming the broader large-cap market.
Understanding the Nifty MidSmallcap 400 Chart
The Nifty MidSmallcap 400 chart provides a visual representation of how mid- and small-cap companies have performed over different market periods.
How the Chart Helps Researchers
The chart can help investors study historical trends and identify periods of strength and weakness.
- Trend Analysis: Researchers can examine long-term upward and downward market cycles.
- Market Sentiment Tracking: Strong or weak price movements can indicate changes in investor risk appetite.
- Volatility Assessment: Mid- and small-cap stocks can experience significant price fluctuations, making volatility an important part of analysis.
- Benchmark Comparison: Comparing the chart with the Nifty 50 or Nifty 500 can help assess relative market performance.
Market Trend Insights
The Nifty MidSmallcap 400 can respond to a combination of domestic economic conditions, liquidity, earnings expectations, and sector-specific developments.
- Earnings Growth: Changes in corporate earnings expectations can influence valuations across mid- and small-cap stocks.
- Interest Rate Environment: Changes in interest rates can affect borrowing costs, liquidity, valuations, and investor risk appetite.
- Domestic Economic Activity: Industrial production, consumption, infrastructure spending, and credit growth can influence constituent performance.
- Market Liquidity: Strong liquidity and investor participation can support mid- and small-cap valuations, while liquidity stress can increase downside volatility.
- Valuation Cycles: Periods of rapid price appreciation can result in elevated valuations and subsequent corrections.
Strong market rallies can result in several mid- and small-cap stocks reaching fresh highs. Track the latest 52-week high stocks to identify companies showing sustained price strength.
Nifty MidSmallcap 400 Stocks List
The Nifty MidSmallcap 400 stocks list consists of companies forming part of the Nifty Midcap 150 and Nifty Smallcap 250 indices. This creates a diversified universe of 400 companies spanning multiple sectors and industries.
Index Composition
The index combines two market-capitalisation segments.
- Nifty Midcap 150: These companies represent the mid-cap segment of the NSE-listed market.
- Nifty Smallcap 250: These companies represent the small-cap segment.
- Cross-Sector Representation: Constituents operate across financial services, capital goods, healthcare, automobiles, chemicals, consumer services, IT, consumer durables, FMCG, metals, power, realty, telecommunications, and other industries.
- 400 Stocks: Together, the Nifty Midcap 150 and Nifty Smallcap 250 provide the 400-stock universe of the Nifty MidSmallcap 400.
Rebalancing and Selection Criteria
The index follows rules-based inclusion and exclusion through its parent indices.
- Parent Index Membership: Companies forming part of the Nifty Midcap 150 and Nifty Smallcap 250 are included in the Nifty MidSmallcap 400.
- Constituent Changes: Changes made to the Nifty Midcap 150 or Nifty Smallcap 250 are reflected in the Nifty MidSmallcap 400.
- Semi-Annual Review: The index is reviewed on a semi-annual basis in conjunction with its parent indices.
- Free-Float Methodology: Constituent weights are based on free-float market capitalisation.
- Review Cycle: The semi-annual review uses six-month average data ending in January and July, with changes implemented following the review process.
Mid- and small-cap stocks can differ significantly in profitability, growth, debt, and valuation. Use the stock screener to identify companies based on financial and valuation metrics.
Top Gainers and Losers in Nifty MidSmallcap 400
The top gainers and losers section highlights the stocks contributing to daily momentum or weakness across the Nifty MidSmallcap 400 universe.
Why This Section Matters
Daily price movements can provide clues about changing investor sentiment and company-specific developments.
- Earnings Reactions: Quarterly financial results can lead to significant price movements.
- Corporate Developments: Business updates, acquisitions, orders, management changes, and other announcements can affect individual stocks.
- Sector Momentum: Strong performance in a particular industry can influence multiple index constituents.
- Institutional Activity: Buying or selling by institutional investors can affect liquidity and stock prices, particularly in less-liquid companies.
Market Behaviour During Weakness
Mid- and small-cap stocks can experience sharper corrections than large-cap stocks during periods of risk aversion.
- Valuation Risk: Stocks trading at elevated valuations can experience significant corrections when earnings fail to meet expectations.
- Liquidity Risk: Lower trading liquidity in some stocks can amplify price movements.
- Earnings Pressure: Slower revenue or profit growth can affect investor expectations.
- Market Corrections: Broad-based sell-offs can create greater downside volatility across mid- and small-cap stocks.
Weak market sentiment can increase selling pressure across the mid- and small-cap universe. Monitor the latest top losers to identify stocks experiencing increased downside momentum.
Benefits of Following Nifty MidSmallcap 400
The Nifty MidSmallcap 400 provides broad exposure to companies positioned between the large-cap and smaller end of the listed market. Investors can follow the benchmark to understand broader market participation and track the performance of mid- and small-cap businesses.
Key Benefits
- Broad Market Exposure: The index covers 400 companies across the mid- and small-cap segments.
- Diversified Industry Participation: Companies from numerous sectors contribute to the benchmark.
- Growth-Oriented Exposure: Mid- and small-cap companies can provide exposure to businesses with potential for expansion.
- Market Breadth Assessment: The index helps investors determine whether market participation extends beyond large-cap stocks.
- Portfolio Benchmarking: The index can be used as a reference for portfolios focused on mid- and small-cap companies.
- Long-Term Market Research: Historical index data can help investors study market cycles and segment-level performance.
Mid- and small-cap stocks showing strong earnings and price momentum can emerge among the market's strongest performers. Check the latest top gainers to identify stocks attracting investor interest.
Risks of Investing in Mid and Small Cap Stocks
The Nifty MidSmallcap 400 offers diversified exposure, but mid- and small-cap stocks can carry higher volatility and company-specific risks than large-cap stocks.
Key Risks to Consider
- Valuation Risk: Strong investor demand can push some mid- and small-cap stocks to high valuation multiples, increasing correction risk.
- Liquidity Risk: Some smaller companies may have lower trading volumes, which can make buying or selling more difficult during stressed markets.
- Business Risk: Smaller companies may have less diversified revenue streams and greater dependence on individual products, customers, or markets.
- Earnings Volatility: Profitability can fluctuate significantly depending on business cycles and operating conditions.
- Economic Sensitivity: Certain mid- and small-cap businesses may be more sensitive to changes in interest rates, credit conditions, consumption, and economic growth.
Risk Management Importance
Understanding company-specific fundamentals is important when analysing mid- and small-cap stocks.
- Financial Strength Analysis: Investors can assess debt levels, cash flows, profitability, and return ratios.
- Earnings Quality: Revenue and profit growth should be evaluated alongside operating cash flow and margins.
- Valuation Assessment: Comparing valuations with historical levels, peers, and expected earnings can help identify potential valuation risks.
- Liquidity Monitoring: Trading volume and market liquidity can become particularly important during periods of market stress.
- Diversification: Holding exposure across multiple companies and sectors can reduce concentration risk.
Institutional ownership trends can provide additional insight into investor participation in mid- and small-cap companies. Review investor and shareholding data to analyse participation across companies in the index.
Access Nifty MidSmallcap 400 & Related Index Share Prices on Ticker
Ticker provides tools to analyse the Nifty MidSmallcap 400, track constituent performance, compare market benchmarks, and study broader market trends.
Tools Available on This Page
- Share Price Chart: Track historical movements in the Nifty MidSmallcap 400.
- Stocks List: View and analyse companies forming part of the index.
- Top Gainers & Losers: Identify stocks driving daily market momentum or weakness.
- Historical Performance: Study the performance of the mid- and small-cap market across different periods.
- Market Comparison Tools: Compare the Nifty MidSmallcap 400 with broader NSE benchmarks.
- Constituent-Level Analysis: Study individual companies contributing to index performance.
Periods of weaker mid- and small-cap sentiment can push stocks towards major support levels. Review the latest 52-week low stocks to identify companies experiencing prolonged market weakness.
Disclaimer: Index constituents, methodology, review schedules, and other index parameters are subject to periodic review and changes by NSE Indices Limited. The Nifty MidSmallcap 400 is a market benchmark and should not be interpreted as investment advice.