India's benchmark Nifty50 is expected to surpass its lifetime high of 18,887.60 it hit last December. Midcap stocks are also likely to see stronger momentum, benefiting investors. The Nifty midcap index saw a faster pace of retracement, approaching its all-time high. The recent consolidation has been aided by market breadth, with 60% of the stocks of the Nifty500 universe trading above 200-day SMA compared to April's reading of 48%. The ever-present foreign institutional investment is also a key supporting factor. Recommended midcap stocks to invest in include Brigade Enterprises, Laurus Labs and PNC Infra.
